A simple forward look at important pivot points and where price action may go after pivoting off of or continuing from these levels.
Neutral / Range Bound forecast for the week. Likely down and then up, ranging in the shown area. Selling short term premium on either side of range.
Neutral. I would wait for Utilities to come down to the bottom of their ranges and maybe sell put spreads if anything. Holding long stock would be fine as well.
Buying Call Debit Spreads for the middle of November. Trying to capture the earnings move (I think higher) with as little risk as possible. Refer to my Energy Sector Analysis for this week.
Market forecast is Midterm Neutral - Shortterm Bearish Bullish Sectors are: Healthcare and Energy Bearish Sectors are: Consumer Staples Financials and Tech
Pick Healthcare stocks at the bottom of their range with you favorite buy signals.
Pick Energy stocks with good setups/fundamentals/technicals. Possible time to enter Energy sector for long term holdings. Will likely do well through market tumult.
Bearish divergence on Consumer Staples Stocks. Pick large cap top performers in Consumer Staples sector with your favorite sell/short signals.
Bearish divergence on Finance Stocks. Pick large cap top performers in Finance sector with your favorite sell/short signals.
Bearish divergence on Tech Stocks. Pick large cap top performers in Tech sector with your favorite sell/short signals.
Let me know what you think!
Due to the "No Man's Land" positioning of all major cryptocurrencies I'm in no longterm positions other than a short I'm holding on BTC from 10.2K. If we had options this would be an ideal place to sell put spreads. The green bars are Fib nodes where I would consider entering spot positions, labeled accordingly. None of this is financial advice, I am not a...
Let's see if it plays out
Lambo or Rekkt? Where do you think Bitcoin will be in 1,5,10 years? Appreciate all opinions whether technical or not.
Everyone waiting for $8500 BTC but I wouldn't hold your breath ;)