Initial Thoughts - Solid week last week, questionably bullish this coming week, lots of finance/bank stocks report ER this week, CPI this week. SPY - On Wednesday I mentioned on my watchlist that I was cautiously bearish for a few reasons. Turned out my suspicions were valid because we pushed lower early on in the day Thursday before pumping the rest of the day...
Initial Thoughts: Incredible day, markets closed friday, minimal inside day setups SPY - Mentioned yesterday that we were bearish going into today for a number of reasons. Early on in the session we saw SPY push up slightly only to be rejected by a downward trend line created in premarket. We hit our downside target at the mid 406 level and even pushed lower than...
Initial Notes - Personally did not trade today, Analysis was on point, rest of week should be exciting SPY - So it looks like scenario 3 that I mentioned on my list last night played out today. We saw both targets to the upside and downside get hit. Premarket we were about 15 cents off of the upside target before opening and pushing higher than yesterdays high....
SPY - We were spot on with our analysis going into today's session. Last night I mentioned that we had a strong close on the daily and weekly and that I wanted to see us push higher. We also stayed within a 1% range today as I had also hoped to see (.71% range total today). Didn't quite get the movement we were hoping for (Inside Day), but we still were accurate...
Initial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week. SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because...
SPY - Going into todays session, I mentioned that I had a bullish bias that I was only 75% confident in due to the downside gap that remains unfilled on the daily, and because we were sitting on a daily upper trendline. SPY gapped up for the second day in a row and closed green, confirming our overall analysis, but created a failed 2U, which leads me to believe...
SPY - Interesting day on SPY. We said yesterday that the markets could realistically go either way, but we were watching more so to the downside due to the failed 2U formed on Monday that was followed by a 2D yesterday, and having that small bearish bias by simply playing what is in front of us vs using other reasons for bias. SPY ended up gapping up premarket and...
SPY - I had no real bias going into today's session other than mentioning last night that downside was more likely to come today because of the failed 2U daily created on monday. We closed slightly red after seeing a decent drop to the high 393 area, forming a weak bearish 2D. Going into wednesday (3/29), I am hoping to see some downward continuation to the...
SPY - Starting off the week strong with our analysis. Yesterday I said we were looking for more upside today on SPY, which unfortunately came mostly in premarket movement. SPY finished the day barely green and formed a failed 2U on the daily. I also want to point out that we came pretty close to my upper trendline on the daily chart. This information all leads me...
SPY - After a hectic week of news and volatility, we finished green overall. On Friday, we saw lower lows as I had mentioned was our goal on my Thursday night watchlist, but ended up closing exceptionally strong after a solid intraday reversal. With that, and the fact that our week was green last week, leads me to believe we will hopefully see some bullish...
SPY - Another solid prediction on yesterdays watchlist. I said I wanted to test 390 today and although we were green to start, we ended red as SPY was about 30 cents off of that 390 target. Going into tomorrow, I am hoping for some more bearish continuation as we have created and followed through with our bearish broadening formation on the daily. Watchlist: Not...
SPY - wicked day with FOMC. I was slightly bullish for the 3rd day in a row going into today. We saw some upside before the news was released. SPY ended up tanking with the news results and closed as a super bearish engulfing day. Because of this wild movement, we had 0 inside days show up on the scanner, so for tomorrow I will mainly just be watching SPY, GME,...
SPY - Once again we were bullish going into today and ended up getting that upside movement we wanted. Tomorrow is FOMC so no real prediction for tomorrows movement other than some chop leading up to the news. As far as the news goes, I am leaning more on the bullish side but quite honestly that is purely a guess. Trading light tomorrow if I take anything, and not...
SPY - We were slightly bullish on SPY if you saw yesterdays list. SPY finished green around 1% which is what we expected, but we made another inside day today putting SPY in a 2-1-1 pattern on the daily. I am still expecting us to push higher tomorrow, but I have a feeling it will be a tricky day of price action with FOMC on wednesday. Overall slightly bullish...
SPY - expected spy to push slightly higher on friday but we made an inside day instead putting SPY into a 2-1 setup. I am somewhat bullish still on SPY for Monday, but I could see Monday going either way. Watchlist and bias: Daily Chart Setups: SPY - 2-1: Slightly bullish AMZN - 2-1: Slightly bullish DIS - 2-1: Neutral LULU - 2-1: Neutral MCD - 2-1: Bullish UNH...
Going off of yesterday's watchlist and notes, we were expecting bullish movement on SPY and we got it. Very strong close again on SPY leads me to believe we will see a push higher again tomorrow, but I am not entirely sure how much higher. With that being said, I think we are set for a solid friday session. The scanner only had 5 tickers on it today with our main...
Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include: HD (2-1) daily DOCU (2-1) daily Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle,...
Inside Days - BABA, BBY, CFG, KO, M, PEP, QCOM, UNH Inside Weeks - ADBE, CHWY, EBAY, KMX, LCID, MMM, NKE, SBUX Inside Month In Force- AAL, CTRA, FCX, FMC, MCD, MRO, SLB 50% Rule Setups - LULU Engulfing Days - KHC, XOM How to play each setup mentioned above: - Inside Day/Week/Month is played by watching for a break of the high/low of the inside bar. You...