SPX had a solid two week run hitting our 4000 Target before showing a pullback. SNAP ER showed an early sign of possible Earnings outcomes for Social Media Stocks. There are still Dip Buyers in the Market so it is possible to see a continuation into 4100 depending on reports. Wednesday is a Heavy Binary Day with Bigger ER stocks and FOMC. For today I'd watch the...
#SPX had a great run up into our 3974 Target. Nice move after finally breaking above 3900. Yesterday we saw more of a consolidation than previous. We cut our calls at our 3974 target for now. SPX has a chance to. Pullback from here if we dont enter the gap today. If we can break through we will see our 4000-4017 target area. Hard to enter calls here after the size...
#SPX finally broke out over 3900 and continued strong up through close. NFLX was a big watch AH and ended up showing good numbers. We have TSLA AH tomorrow. SPX can continue this move up into 4000-4020 area by friday. 3957 and 3974 are still targets before 4000. Do not let high volatility deter you from trading if you have reliable charts you can read. Instead...
SPX showed a strong Gap up after the weekend with a continuation on some bigger Bank ER numbers. It failed the breakout attempt above 3900 early and stayed in range throughout the morning. Once SPX fell below our 3880 support, we saw a big drop with catalyst from AAPL news and Housing Numbers. AAPL has been relatively strong and finally seen a big day of weakness...
SPX presented some great opportunities last week off our double bottom at 3741. We had a 176 point run from there. If SPX can reclaim 3945.86 the Bulls will make a higher High on the Daily Chart. Still well within a “Bear Market Rally” and I would continue to treat it as such. If we lose 3870 early on it is possible to see a 50 – 70 point drop. We have CPI Data on...
SPX Broke through the 3870 at open for a nice move and continued to melt up into our 3900 Target by close. This is a bigger momentum level here and top of the double bottom move off 3741. You have to keep in mind the market ran over 160 points now in the last three days and coming into weeks close. If 3900 doesn't hold early on we can see a quicker pullback to...
Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls...
SPX is opening up mostly flat. We need to hold 3900 early on this week for a move up to 4000. There are a few easier Gap targets above if we can hold. Below 3900 its possible to see a drop back towards 3800 quickly.
#AMZN - Amazon held above 102 this morning before trying to bottom. 60m chart on most major tickers here forming a bear flag more or less. Once we break out we can see more direction. I markets close near bottom AMZN should break sub 100 tomorrow. #MarketAnalysis #Marketupdate #watchlist
#NVDA - NVDA opened up and tried to reclaim 163 before getting rejected. 157 level was a bigger level to break. Continuation below 155 we can see a bigger drop this week down towards 147. #TechnicalAnalysis #NVDAlevels #PriceLevels
#SPX - Big drop on futures to openup the week, Opened below our 3817 level and never could reclaim it. We hit our 3790 and 3756 Targets below. Possible to see a pull back bounce here before seeing more downside. If we close near the lows it is very possible to see 3700 before FOMC on Wednesday. Stay "PAY"tient and wait for the best set ups to come to...
#AMZN - Amazon failed to hold the 115 level Friday and sold off to 109. Amazon can continue to fall until with see some upside in the Markets. Below 109 we can see a continue move to the downside towards 100.00. This will be a bigger psychological level for Amazon. #psycological_level #watchlist #amazon
#SPX - After seeing over a week of consolidation we finally broke out to the downside. Selling continuation fueled by bad CPI Data on Friday saw us quickly drop back to our 3900 Target. For this week if we can not hold above 3900 we can see continued downside. Under 3900 we should see 3877, 3853, 3817 areas next before a 3800 test. We will have Feds this week as...
#NVDA - Tech has started selling off after last week's CPI report. NVDA below 167 can see 165, 163, 160 next. I wouldn't consider calls here until back above 176. #Chartanalysis #Watchlist
#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103. #TradeIdeas #Watchlist #TechnicalAnalysis
I don't trade Bitcoin or Crypto but this chart was too good to surpass. I though a Bottom might be at $32,930.00 a while back. Looks like we hit $32,855.00 this week. Could this be a set up to the reversal the crypto community needs? The charts will tell us!
Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add...
SPY hit our Outside Month target this week and has yet to gain momentum to the upside. If bears can continue here we can drop to 427 next. We are nearing seller exhaustion and the broadening formation. For this week it can get choppy if we don’t break below 435. Id be looking for a sign of reversals around these level for a pullback before another dip down. Calls...