Though no updates on the current wave count, the S&P corrective wave (4) with support levels at 3464 and 3413 setting up for an increase into wave (5). Focus is on one remaining push into 3600-3700 level wave 5 fib/upside zone. Expect this terminal rally into our final resistance zone into Nov-Dec. The daily count shows an impulsive 5 waves targeting larger degree...
Though no updates on the current wave count, the S&P corrective wave (4) with support levels at 3464 and 3413 setting up for an increase into wave (5). Focus is on one remaining push into 3600-3700 level wave 5 fib/upside zone. Expect this terminal rally into our final resistance zone into Nov-Dec. The daily count shows an impulsive 5 waves targeting larger degree...
Notice NIO has been quietly moving about +20% per day and our Leaps has gone deep ITM May 2020. I’m considering taking off some profits off the table as we approach wave (v) resistance at 27.50. On the longer term, we will still be holding on to our positions on NIO.
Updates on existing Bullish Spreads MSFT has moved in the money. MSFT is unfolding into wave 5 that could reach 240–245 or the 127.2% retracement. The key is to stretch existing profits on MSFT with the daily chart that shows SMH terminal wave 5 rally is in progress.
Updates on existing long position on BYND, the daily chart shows a bullish breakout targeting wave (3) upside target that may reach the 290-300 level. Look to hold on to existing Long positions on BYND stretching the profits out into wave v.
XLY current wave (iv) correction is setting up for a terminal move into wave v targeting the 166-173 range. We’re looking to establish some +ve delta butterfly spreads on XLY expiring Nov. Detailed Trade execution on video update.
Notice big tech and the SMH is positively correlated with the exception of early September pullback in Semis. I’m considering the corrective (A), (B), (C) as complete with a remaining wave 5 rally in progress to stretch our existing bullish verticals into late Oct.
Updates on existing Long position on SMH from last week that have moved in the money. SMH is unfolding into wave 5 that could reach 190-195. The key is to stretch existing profits on SMH with the daily chart that shows SMH terminal wave 5 rally is in progress.
Updates on existing Long position on SMH from last week that have moved in the money. SMH is unfolding into wave 5 that could reach 190-195. The key is to stretch existing profits on SMH with the daily chart that shows SMH terminal wave 5 rally is in progress.
PLTR is on our watchlist as the 17-year old data mining company’s IPO with government agencies like Department of Defense, the CIA and ICE as its clients has growth potential. Look to establish Leaps on PLTR with dips into 9.50-8 range with expiration into 2021. Trade execution explained in video update.
PLTR is on our watchlist as the 17-year old data mining company’s IPO with government agencies like Department of Defense, the CIA and ICE as its clients has growth potential. Look to establish Leaps on PLTR with dips into 9.50-8 range with expiration into 2021. Trade execution explained in video update.
Updates on existing long position on BYND, the daily chart shows a bullish breakout targeting wave (3) upside target that may reach the 290-300 level. The current breakout pattern is suggesting the current rally that could take us through Nov.
The S&P corrective (A), (B), (C) pullback into wave (4) is complete setting up for an increase into wave (5). Focus is on one remaining push into 3600-3700 level wave 5 fib/upside zone. Expect this terminal rally into our final resistance zone into Nov-Dec.
We’re tracking a breakout pattern on SMH as semiconductors are setting up for another wave higher into wave (v). Look to setup Longs on SMH expiring Nov-Dec. Detailed Trade Execution on Video Update.
On the Daily time frame, AMZN in corrective (A), (B), (C) pullback is complete setting up same degree wave (5) rally targeting the 3,600 level. Still holding on to existing Longs on AMZN that might take us into Nov-Dec.
NFLX is acting strong rallying towards wave v on the daily chart targeting the $590-$650 range. If this is the case, we will be leaving our long verticals into expiration maximizing the profits as NFLX rallies into wave v.
Updates on MELI long setup, the corrective pullback into first long entry level at 38.2% retracement at 944 and second long entry level at 845 will be our two tier long entries trade plan for MELI. Look to establish Leaps on MELI expiring 2021 with a dip into 944 and 845. Trade execution details on Video Update.
Our long entry on WDAY was triggered moving in and out of money but the focus is on larger degree wave (5) move that might target the 290-300 level. Notice a breakout and a minor pullback that is a good zone for additional longs on WDAY. Look to hold on to existing Long position on WDAY into Dec 2020.