rjhay22

rjhay22

SPY We had two scenarios yesterday during our stream 1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year...

rjhay22

Grab a cup of coffee, wake up and read up lol ** (Not a Financial Advice, just sharing my own opinion and the process I do in the morning before I make a decision to trade.) ** As you guys are all aware the SPY went nuts yesterday, anything is possible in the market these days lol. Once the shorts got squeezed above 354 and FOMO kicked in it ran like it stole...

rjhay22

Todays consolidation candle was a healthy consolidation, might be forming a 3-4 bar play possibility. Will be keeping an eye out for entry at the bounce of the red candle low or at the break of ATH.

rjhay22

Big volume candle yesterday followed by a consolidation candle half the size of the initial run up can potentially be a 3 bar Play here.

rjhay22

NVDA looks like it wants to break below support here. Key level to watch. Below 218.30. Target: 5 points to the downside.