Will be looking @ NASDAQ:AAPL for a medium-risk swing here. Currently sitting on demand zone. Looking for an easy bounce back to 174 then will re-evaluate. Either way, if it bounces back to 174, it would be testing "breakout" of that trendline. Normally, though, that trend line rejected from today is an indication that the trend line is valid and price should...
For a swing I'll try to get a good entry on AMD. I've been trading it up and down for 2 weeks now. See my ideas. At 108 I said it should get rejected and fall back to support. We are at 103.XX now. I ideally want 99-101 for a long entry but I don't think there's too much selling pressure here anymore. Watch it above 104.60 for a breakout. We all see the flag...
I normally don't swing anything in a choppy market, especially with a giant head and shoulders signal on the daily NASDAQ:QQQ AMEX:SPY charts: However, the NASDAQ:TSLA chart shows two potential trendline supports forming. Both are valid trends. The blue one is a bit more recent, so the price will react here, possibly to 260/ 278. In the event that ...
Watch NVDA at this opening reversal zone. Potential to keep dipping to 417 on a market-open fakeout. I will add more insight later. But watch this play.
If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ 200 SMA bounces are usually very strong. When price starts heading below this SMA,...
Just a recap of this trade so far: Posted this @ 108 calling for a bearish rejection. After it failed to bounce from 101-103, I was certain it'd head over to 95-98, or the bottom TL at most. When we hit the bottom TL, I called for a buy signal @ 95. Will tag all these for proof. Now we are at the top TL, which is the ultimate PT from 95. We hit this in...
This move is highly unsustainable for NASDAQ:QQQ - I called a bull run this morning @ 10 AM. We are up +2% almost on AMEX:SPY SP:SPX AMEX:DIA - watching for pull back now on buyer weakness and reality setting in. But why TSLA? Why not NASDAQ:NVDA or NASDAQ:AMD ? TSLA had "bad news" today With a market pull back, TSLA will get smacked the...
Don't chase. A pull back can be violent. Better off getting puts for a daytrade than chasing calls here. Good luck. Trade carefully.
⚡️Some shutdown insights with chart: Chart shows longest shutdown: 12/22/18 - 1/25/19 The fear factor has always been PRE-shutdown. Not DURING or POST-shutdown. ⚡️ That means what? If we shutdown, we may dip say 2-3%. But what happens during shutdown? You'd be surprised market actually RECOVERS during shutdown. BY A LOT. During the shutdown in 2018-2019,...
Good weakness and rejection of supply zone a few times. NQ also showing weakness on H/S: TSLA might show some strength for a quick bounce. I will size in slowly and set my stops good.
Full-time trader here. Sharing some knowledge for free . If this helps you, show some love: follow me for more and like this idea. 👍 Why do I need a chart anyway? First, we need to convince you of why you need a chart. No problem. Let's say you're a fundamental analysis investor. The stock has to make sense. The stock has to last forever. It needs to be a...
Good sign on NASDAQ:AMD with that falling wedge on the 15 min. When a stock's been hammered for no reason at all except market volatility, we usually try to look for bullish reversals or bullish signs to enter on a swing. Closing in a falling wedge is good. Doesn't ALWAYS pay off, but if you are swinging it likely means 4-12 weeks anyway, so it's...
Enjoy, as always watch NASDAQ:QQQ AMEX:SPY before entries.
Check my posts, I posted it while it was happening. Helps you expect the price movements better. Should go up down up down between channel until it decides to break out. The highlighted red zone is the fakeout zone where bulls get trapped. Above that zone is a confirmed breakout. Also on a different look, we keep getting rejected at supply zone here. ...
I have to post on the 15 min, but here's the 5 min: This is a clear and obvious bearish continuation/ descending triangle. But being 1.20% down already ( NASDAQ:QQQ / AMEX:SPY ), we can't be sure that it'll continue to 2%. So the easiest thing to do is get a strangle. Watch for outcome. Posted a strangle yesterday too and it went +150%. Thanks for...
I think it'll pop downwards because of this diamond bottom. But it's anyone's game here. A strangle would probably pay best. Just watch for future reference. Should affect NASDAQ:QQQ NASDAQ:TSLA AMEX:SPY as well.
Megaphones indicate explosive volatility incoming. If spotted at the bottom of a downtrend (like this one), it can indicate an explosive reversal is coming. Therefore, keep an eye on AMEX:SPY CME_MINI:ES1! CME_MINI:NQ1! NASDAQ:QQQ for a reversal. And of course, all your favorite stocks. Good luck to all, welcome to follow and stay tuned.
Take note of the fakeout above the channel. I caught myself getting faked out and took the loss for $50. It's good to admit when you're wrong and learn a lesson for next time. Descending channels are a good sign if you're looking for a reversal. They usually carry on for a while and break upwards. There of course is the rare occasion that they break...