VanderStonks

VanderStonks Updated 

This Inverse Head and Shoulder's structure is similar to the one on SPY (although it's also a bear pennant breakout). I see potential upside in both for this and next week. Targets for Netflix: Price target - around 324. Stop loss - around 300.

VanderStonks

Yesterday, whales positioned themselves for a potential triple top on IWM. Resistance zone ranges from 188 to 190.

VanderStonks

Oct 3rd's (yesterday's) price action is comparable to Sept. 28. Both pumped up on low volume. This can be easily identified with standard deviation of VWAP. The candlesticks aren't hugging standard deviation VWAP as close as it normally would be. I expect some consolidation and then get rejected similar to what happened on Sept. 29. Weekly puts on SPY could be a...

VanderStonks Updated 

Looks like more pain is coming. The thesis: More downside is coming for these reasons. 1. Massive open interest on Oct. 21 puts 2. Three black crows on the weekly 3. If 356 breaks, it's an elevator down to 338 which is the pre-covid highs Intermediate rectangle price target is around 353. Long term bear flag price target is around 335 to 340.