Notes: Roku has been trending in this downward channel and finally bounced off of this Daily demand and broke out of that downard trendline. We just need confirmation on this breakout and be patient with it. We don't want to catch a falling knife.
Crossover above 200SMA (362.64) could be a good reversal entry for a target of 370 then 385.
Notes: PYPL got rejected hard on that 21EMA and formed a doji on the daily. It's setting up for a base rally formation along w/ TTM Squeeze on smaller timeframes. We also broke out of this wedge and looking for a continuation.
- Play the breakout of 21EMA w/ a target of 286-287 area (50SMA)
-Wait for a retest of this wedge breakout at...
UPS gapped down after ER and retraced back to .618 level and have been consolidating since. We forming a bull pennant and setting up for a mean reversion to the upside with a target of 200.50. We are also forming a TTM Squeeze on 4H, 2H, 1H and 15M. Gap fill potential if the squeeze fires. Average post squeeze run is about $8 move.
Key Level: 192.70 area to...
-Cup & Handle (daily)
-Inverse Head & Shoulders (daily)
-Demand Zone (daily): 20.62 - 21.62)
Either play at the break of the wedge (handle) or wait until the demand area to enter long.
We are currently below the 50 and 200 SMA which
is a bearish trend. I would like it to get above those levels to enter for a possible target of around 30-35 level.
-Inverse head and shoulders
-Breakout level @ 324.50
-4hr gap @ 341.13-338.15
-Look for the 50DAY SMA to act as
-Wait for confirmation. Would love for
it to get above the 6 & 8 SMA or
form a squeeze on smaller timeframes.
-TTM Squeeze fired: (Weekly, A7)
-Inverse head & shoulders formed
-At breakout level
-Above stacked EMAs and SMAs (bullish)
-Has a gap to fill around 70.12 - 70.96
8/20 70C @ 1.50
8/20 72.5C @ .85
-Wolfe wave triggered today (daily)
-Daily TTM Squeeze Scanning (avg squeeze time is 6
and we're on 7. It's bound to fire soon.
-Breakout level is 300 and we broke it today
and got rejected at 50DAY SMA.
-We have a 1hr demand zone around 296 - 297.90
would love for it to come down that area
to enter long.
7/16 302.50C @ 1.75
7/16 305.00C @...
-PTON formed a Cup & Handle on the daily and it's getting ready to breakout.
-200SMA tested multiple times, we can assume that this is a valid support
-Open above 124 tomorrow is a bullish sign and could squeeze to 125.50-126.00
-Below 200SMA (around 119) bearish sign and could see a pullback around 117 - 116 area.
AAPL pulled back down to the 6DAY SMA and bounced back as the whole market also bounced back from the low. Here are my notes and what to watch out for:
-Looks like wave 3 of Elliott Wave has ended and looking for a slight pullback to form that wave 4 before another leg up.
-Watching the 21DAY SMA for a bounce or all the way down to .382 fib retracement.
SPY had a big gap down today all the way down to 427.46 (-1.65%) but managed to bounce back at close. Here are the key areas to be watch out for.
- A have some good support at the 21day EMA (426.75ish) and could play it off the bounce there for a short term play to the upside.
-A close below the 21day EMA would be a bearish sign and we could see it testing 50day...
Boeing had really good news with chinese aviation officials have expressed willingness to conduct flight tests on Boeing Co's BA 737 MAX, potentially paving the way for the fastest-selling jet's return in China. This is the type of catalyst that BA needs to get out of this consolidation period!
-Almost closed above 6DAY SMA!
-50DAY SMA will be a small resistance...
-TSLA formed the 135 elliot wave and looks like we're gearing up for the wave 5 which is the next leg up.
-Gap was filled below and bounced perfectly on that .382 fib retracement
-We also have a gap above around 724 - 732 which could be the target
-Waiting for a TTM Squeeze to form on smaller timeframes.
-I'm looking at a month out expiration for options.
-Wolfe wave triggered on multiple timeframes
-TTM Squeeze forming on Daily
-BYND is getting ready for a big move.
We bounced off of the 200 SMA perfectly and using it as a support.
7/16 155C @ 1.70
7/16 157.5C @ 1.38
DLTR has been trending and gapped down after earnings. It's been consolidating in this range and formed a pennant. We are also forming in the daily a ttm squeeze. I wanna see DLTR get above the 6day SMA and have the emas trend bullish.
BTO DLTR 7/16 100C @ .96
SBUX finally broke through that major resistance @ 114.70 w/ volume. We have also entered time cycle one on the TTM Squeeze. We're in the 7/16 115C and up 45% @ close. SBUX still has a lot of momentum to test 117 area and possibly take out the high. I can see this happening within the next week or possibly early if the market keeps trending higher.