SPX short idea. Weekly appears to be forming a massive hand a shoulder with a high probability to the downside. I'd say the psychological bounce area would be 4,000, with a max pain of 3,800-3,646.80. Remember to pay attention to the overall market structure, inflation news and war news. Stay safe traders.
ServiceNow to report earnings today January 26th After market close. NOW is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +23.1%. Revenues are expected to be $1.6 billion, up 28.1% from the year-ago quarter. For this trade idea im looking to short a small position size for puts with an...
TSLA mega bullish on both daily and weekly time frames. Weekly setting up for $890-900 into next week. Im already long on this @677.19 but this is where I'd go long again if you missed the run. Pt $980-1000 eoy.
IM 50/50 on SPY as of now. We are sitting on the 0.618, with a high probability chance of bouncing. The 0.786 could also be looking good, thats where i'll begin buying calls/shares on the SPY. Worse case, SPY comes down to $420.66, which would be my personal stop loss. I think SPY is bull into next month and into the rest of the year.