Noteworthy bullish options activity in $CHWY 51c for 6/26 with some small put protection coming in later in the day.
Fibonacci bb setup with bullish engulfing daily candle, post ER profit taking CHWY is a strong brand, ppl love the service...
Targeting 51+ for next week, possibly eow
Trade at your own risk.
I took 20 contracts will update trade later.
14, 30 weekly setup on QQQ looking back at it.... chart...
For extra speculation, I added AMZN and noted it is 11% of the QQQ
If AMZN has cooled and moves back to ATH along with other tech strong names... we could see ATH on the Q
We filled lower gap levels, which indicates further launch incoming if buyers stay the course..
I think everybody wants to own...
I usually do not post vix trades... however
After some attention was brought to me by traders in my circle.. I have an interesting comparison
vix long dated contracts look to be a play
uncertainty is in the air... election, virus woes, economic data coming out that is brutal, fed running out of ammo, warren buffet not buying, old large cash sitting out this...
across time frames, bulls are still the majority, we have FED printing insane amounts of money, hope is fading for fiat... pension bail outs x stagnation x hardening of btc = a very nice back drop, do not fall for the bear trap, imo you buy btc as long as it's in this range, we will see 75k bitcoin, bookmark this post!
FIAT PROP UP EXIT PUMP ON US DOLLAR
14-30 ma weekly kiss and possible launch level..lets see it cross, could pull back to grey line for more loading, or could rip above pink stratosphere line
Look at the last time we had this setup... Exactly one year ago in May.
I am holding a position in Bitcoin.
Good luck to all
G9er, Double Top, Rising Wedge, Bear Market Rally, Fib 61.8, Super Guppy Trend...
Currently in SPY puts for June / Sep
Possible that we ignore all TA and continue to hold levels regardless of this outlook. Just looking at this as a possible short scenario. Good luck to all