GroundNinja

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SPY: Buyer participation continues with a more positive outlook received from the EOW economic data. Entering the long weekend, the index is seeing positive gains and poised to break a seven week losing streak. Overall, VIX still is at levels (25.94) atypical of a high interest laden economy. Sentiment for short term is bullish/neutral. Longer term is still...

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SPY continues the session at -3.66%, filling an intraday gap fill to the downside. Supply and Demand Zones identified as key levels for participant acceptance and/or rejection. VIX is at 30.29 and $ADD at -2283 at time of this post.

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ES1! x OPEX x M2 x VIX : Exploring correlation or non-correlation of upcoming OPEX and volatility expansion/contraction with macro factors & global shifts in mind. M2 Money Stock included to track correlation or non-correlation with more key economic data releases this week on deck alongside major retailers set to report quarterly earnings. Key Supply & Demand...

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VIX 4HR: Reversion to mean and continue channel up if market remains with risk off sentiment.

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SPY: Intraday bear flag identified alongside breach/failure of 65m supply/demand zones. Weakness in the market identified with failure of aforementioned KLs from April 26, 2022 published study. On watch for breach of day low of 409.25, leading into KLs of 406.60, 392.11, 375.27 (using weekly timeframe for price rediscovery in lower price shelves.) FOMC events...

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SPX bullish divergence identified leading into today's session move to the upside. Intraday (65m) chart reflecting auctions higher into key ER from AMZN and AAPL after market close. Three bar play formation on 65m observed off day lows of 4189 to complete a gap fill. Moderately weakening VIX coupled with stronger internals in advancing over declining also noted....

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SPY: Intraday chart of the index showing a continuation of breakdown after failing at value area POC and a bear flag for the chart. Bearish engulfing on power hour candle and a clear gap to the next value area of 416.53 with failure at 418 level. Next KL's are 415.02, 413.52. VIX at highs at 32, PCC >1.02, and advance decline of the index favoring sellers....

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RTX with underlying strength prevalent in its technicals & fundamentals. Leading the industrial sector via geopolitical factors and a favorable balance sheet, RTX continues upwards on a channel trend and on several premises: 1) Buyer responsive price action that has been developing since Q4 of 2021 2) Participants driving auction over KSMAs, 3) Support held at...

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BTC /USD: Quarterly update on DCA Map using weekly projections. Current price is 46,379.98 & KL (50SMA) of $46,801.45 on watch. Illiquidity is a factor here with <10% of supply remaining to be mined. Potential catalysts include new forward looking developments with Miami Bitcoin 2022 conference this week. Internationally, adoption is being observed more...

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NVDA at KL of a wedge it has been in breaks the trend with a major breakout to the upside of +4.60% in the first 30 minutes of Friday's session. Absolute momentum monster. Upside forward looking is tangible with this price rediscovery and confirmation. Congrats if you caught this one :)

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AA upside reclaim with strength in the sector due to windfalls in the industry. Growth in the company is expected as a result of aluminum price hikes. Alcoa is breaching the 20MA once again after bouncing off support on key 50MA & 69.98 support. Re-seen auction puts AA back on track of an upside movement towards a channel from October 2021. MACD cross observed on...

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CCJ's price action seeing responsive participants with alternative energy leading the market amidst heightened oil prices. While key levels on acute time frames are being tested by both buyers and sellers, CCJ's weekly optics present continuous range extension. While price action has begun to pierce a gap previously seen from April 2011, KL of 28.45 would be more...

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FCX: Original setup for "cup and handle" pattern shared on February 11, 2022 (see previous ideas) is now engaged with price action crossing threshold of 46.25. FCX has been basing on intraday and daily time frames with bull flags consistent in price action. Expect strong buying action as copper has become a sector where liquidity has seen benefits due to commodity...

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ES1! x OPEX x VIX x $ADD: Exploring correlation or non-correlation of market width key OPEX dates alongside market breadth.

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AA: Price re-discovery to the upside as a result of directional conviction and buyer control. Cases to the upside supported by: sector strength with metals/precious metals hitting record highs on LME, sustained volume, and a maintain of overweight with a new PT to $78 via Morgan Stanley. With RSI >70, we may see some healthy retracement to consolidation. Base...

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FCX: Cup and Handle setup after solid basing on weekly frame. Price action finding acceptance above key moving averages (20, 50) which are also acting as support. Volume shelf setting up for a price discovery to the upside. Breakout over 46.20 with volume is on lookout using MACD as an accessory for price action/momentum. Setup invalidated with rejection at 46.20...

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NVDA shares are >+5.75% for the session. Post news of dissolved ARM acquisition did little to waver price action, but rather brought back buyer participation and exuberance. NVDA broke out from the 20SMA to gap up for the session. Next KL is recapture of 50SMA @ 275.93, then 284.60 which will mark NVDA's breakout from channel it has been in since November 2021....

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AA: 4Bar Play Intraday scalp/momentum live in play this morning with the sector in the lead this am.