5/1 Watchlist + NotesSPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at all, so I am curious to see how next month plays out. With the FED predicting a bearish second half of the year, this price action leads me to think we may have already priced in a small recession as the FED claims we may have, or we are seeing a final push to the upside to trap some buyers before seeing a bigger drop. As always we have to play what's in front of us and not what we are expecting, so proceed with caution and try not to let your own personal bias effect your trading
Watchlist:
Nothing on the scanner really has my attention for Monday so I will just be trading SPY. I do have a long position on ARKK that I am swinging so I will be watching that as well.
All inside setups and 50% retrace setups listed on my scanner in the picture for this post.
Main Watch:
ARKK - Just watching to manage my position. I think with the bullish bias on SPY that we have, we should see a push higher on ARKK on Monday
Previous Main Watch:
U + ARKK
- Both created bullish engulfing days and I ended up entering ARKK 37.5 C for this coming Friday's exp. Up currently on that position and holding. Did not take a position on U. Just watching them still
Watchlist Stats From Last Week:
2/5 SPY Predictions
3/5 Main Watch Plays
Personal Stats:
0/2 on the week
Overall: Red
- Didnt trade much due to it being finals week for me
- Took a couple small L's but got some W's with forex and crypto scalps so I am pretty much B/E on the week, but for these lists I like to count only my options trading
- Looking to make a hard rebound this week with my schedule now being much more open and having more time to focus on trading.
Lets make some money this week. As always be smart, follow rules, and always be striving to learn more and better your trading. Cheers
AMZN
AMZN breaking down (30 min)As we see Amazon break through the cloud to the downside we should expect more downside to come into next week.. I would play this to the downside until, or if we break the horizontal line which is resistance to the upside. It is possible we test that line and then break down or we just see it keep breaking down from the price it is at now. The good thing is we have broken out of the cloud and should see momentum continue to the downside. Always have a stop loss and it tight.
AMZN Earnings - $110 StraddleLet's pump this clown market? For real, how else can we hit 4200SPX?
Looking to see at least a 5-10% move. if it's like META then maybe we moon or inverse moon. Should be fun to watch.
Position is 5/19 HKEX:110 straddle. Going to close tomorrow regardless of outcome.
Have a beer and enjoy I'd say.
Stay Away from AMZN NowTechnical Analysis:
- AMZN is still doing a WXY medium term correction in blue
- In the short term AMZN is finishing wave ((2)) in black before going more down side
- We expect that the correction will be finished at around BMV:60 when wave ((II)) is also completed
- H1 right side is turning up
- H4 right side is turning down
Technical Information:
- Don't buy AMZN now
- We like to buy when the correction WXY is done
4/27 Watchlist + NotesSPY - Saw more downside as we had predicted last night. Made some solid range to the downside. I am expecting tomorrow to be a repeat of today or an inside day. We are reaching weekly downside exhaustion so I would say there is no reason to not be bearish... yet. But tomorrow could be a day of consolidation/retrace since we have had such big drops the past two days.
Watchlist:
MCD - 3-1
BABA - 2-1
Main Watch:
MCD - Looking for a heavy drop tomorrow. Seeing a Pivot Machine Gun pattern here that could play out nicely if sellers step up
Previous main watch:
W - Broke to the downside and banked. Solid trade overall. Pretty much filled all downside room I saw on my charts.
Watchlist Stats:
1/3 SPY Predictions
1/3 Main Watch Plays
Personal Stats:
0/2 On The Week
Overall Red
- Busy today with finals as I near the end of my semester at college.
- Wasnt able to trade because of this and probably wont be able to trade tomorrow either.
- Scalped some forex after hours but nothing serious
$SPY pre-market Resistance Rejection | $QQQ megaphone | $META ER- AMEX:SPY rejected from its pre-market highs and couldn't get over it then bears took over.
- NASDAQ:QQQ forming another megaphone pattern on 4h time frame
- NASDAQ:META Beat bullish earnings reaction
- NASDAQ:GOOGL fades all of its earnings gains and went red NASDAQ:MSFT held its gains.
- NASDAQ:AMZN earnings report tomorrow AH
QQQ Bullish Reaction to MSFT & GOOGL Earnings | Daily Downtrend|- both AMEX:SPY and QQQ confirmed Daily downtrend.
- NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce
- NASDAQ:MSFT good earnings bringing all tech stocks up
- NASDAQ:GOOGL decent pop but faded most of its gains
- NASDAQ:AMZN moving due to MSFT decent cloud report
AMZN - From A to Z Analysis ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support.
AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue.
🏹 For the bulls to take over long-term, we need a break above the upper blue trendline and blue zone 110.0
📉 Meanwhile, the bears can still push lower for a higher low . In this case, as we approach the 80.0 again we will be looking for new short-term buy setups.
Which scenario do you think will happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market Outlook Analysis | Earnings Prediction | Support & Resist- QQQ Megaphone still in place
- NASDAQ:QQQ SKILLING:NASDAQ trading within 3 weeks range 320-312 area, likely breaking Tuesday
- Tuesday NASDAQ:MSFT NASDAQ:GOOGL Earnings prediction
- NASDAQ:AAPL broke out without much follow through, historically AAPL dips into earnings or after earnings if it moves up alot into it.
- advertising companies dont do well during recessions.
- AMEX:SPY still healthy daily uptrend that may change next week
- still holding my AMEX:SOXS ( NASDAQ:SOXX short )
Amazon & Appleboth Amazon and Apple are making very bearish reversal formations which might drop drastically the price to a new low on a big TF, Daily. Remember it's a mid to long-term view; therefore, it could be invalid. However, these are well-known wave structures, and they are accurate most of the time, but certainty does not exist in charts of course.
4/21 Watchlist + Notes SPY - As mentioned on my list yesterday, I was cautiously bullish going into today due to the fact that we had a 2-2 reversal on the daily. We were not able to break highs of yesterday (Which I credit to bad ER from before the bell on big names like TSLA) and ended up opening lower on the day but fighting our way back up to fill premarket gaps before dropping back down again. Ended the day red with a failed 2D again for the 3rd failed 2 day in a row. Not really sure what to make of this as we head into Friday. We have a failed 2D which tells us we have a potential 2-2 reversal on the daily incoming if we break today's highs. We also could be targeting a 50% retrace of the previous weekly candle as we are currently in a failed 2U on the weekly. I think both upside and downside have potential for tomorrow for numerous reasons so with that all being said, I am neutral going into Friday's session. If I was truly forced to make a prediction on whether we go up or down tomorrow, I would say we have better odds of pushing to the downside. It is still nearly 50/50 in my opinion but for those of you who have experienced multiple friday sessions before, you know that anything can happen. Im open to playing both sides but I think downside does have more potential range if that is the direction we head tomorrow.
Challenge Account + Watchlist:
Value: 46.98 (No Change Today)
AAPL - 3-1 Daily (At top of potential BF so if we break to the downside that would be ideal)
UAL - 2-1 Daily
U - Broadening Formation
Main Watch:
AAPL - Really loving the potential on this play. 3-1s are always fun to play, but looking bigger than just the daily, we have a solid potential BF formed on the weekly. Looking to break to the downside tomorrow to maybe begin a downswing to the bottom of the BF.
Previous Main Watch:
CCL - Loser - broke lower on the daily and hit downside target. Wanted upside
Watchlist Stats:
3/4 SPY Predictions
1/5 Main Watch Plays
Top Winner: TSLA 15%
Personal Stats"
3/4 On the week
Overall: Heavy Green
- Swung T puts into today that ran over 600%
- Swinging ARKK puts for tomorrow and next week potentially
- Been doing 1 play a day and it has been working well
Finish the week strong everyone. Best of luck trading tomorrow!
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA
- double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow
- most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down.
- i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top.
- Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
$QQQ & Big Tech $AAPL $AMZN $MSFT Future Direction at Resistance- NASDAQ:QQQ gap up double rejection from premarket highs and bear took over first hour then complete sideways into end of day
- NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN all rejection from resistance today. lets see if bears can follow through tomorrow
- NASDAQ:NFLX earning had weak guidance
- NASDAQ:TSLA earnings tomorrow AH
- still holding my NASDAQ:SOXX short ( in 3x AMEX:SOXS )
4/17 Watchlist + NotesSPY - Last week we went 4/5 on predictions with SPY. Friday I said I wanted to see a push higher, which we did end up getting before closing as a failed 2U on the daily. The daily candle was decently neutral, but still is bearish due to it being a failed 2U. Going into Monday, I am hoping for some downside. We retraced over 50% of Thursday's range which leads me to believe we can create a compound engulfing day by breaking Thursday's low at 407.99. I am overall pretty neutral going into Monday because I think we closed strong on the week and could easily test last week's high. I think we have more reasons to be bearish on Monday though, which could make the week play out in a way where we see initial pullback or consolidation before testing weekly highs. At the end of the day, you can't and shouldn't fight the trend, so keep that in mind for the week. As we push into the 2nd half of the month, we can expect price action to be less volatile. I think this week will be very evident of whether we want to push to the 420 area, or begin a larger reversal. With the FED admitting they expect a recession in the fall/winter, I am curious to see how the markets will react as time progresses from now till the end of the year.
Watchlist:
I am starting a small challenge account this week, so the plays on my watchlists will be slightly different than my normal lists and main watches. As always though, I will keep the scanner for weekly and daily setups in the photo on my idea. Just look at potential 3-1 and potential 2-1 to see all setups. With that being said, I will keep an eye on everything on my scanners, but here is what I am specifically watching for tomorrow:
RBLX - 3-1-2 Rev strat - Bullish
PEP - 3-1 daily and 2-1 weekly - Neutral
MSFT - 2-1 Daily + Broadening Formation on the daily: Neutral
KO - 2-1 Daily + BF on daily: Bearish
PG - Same thing as KO and MSFT: Neutral
COST - 3-1 Weekly - Bearish
CAT - 3-1 Weekly - Bullish
Main Watch:
TSLA - Was last Friday's main watch. Never broke out
RBLX - This setup is really good with minimal complaints from me. RBLX has been strong these past few weeks and I think it will continue to head higher. We are also sitting on a long rising trend line on the daily. What I am looking for is for us to break Friday's high and then target the high from last thursday to create a compound engulfing candle. This setup has potential to hit all the way up in the 53-54 range on a larger time frame, but for tomorrow we have solid potential for a 2-3% move on RBLX from entry. I will make a seperate post about RBLX with my charts for it because it would be a lot to explain otherwise so be sure to check that out. My Only concern with this setup is that it may need some pullback further before heading higher to follow suit with the broadening formation. This play will really be dependent on whether we break the high or low of Friday first, and also how much RBLX reacts to market movement assuming the markets follow our bearish bias. Just a few things to consider
Previous Main Watch:
PYPL: Winner. Ran over 250% from entry. Absolute banger
TSLA: Never broke out of 3-1 so now is 3-1-1 setup. Not a win or loss.
Stats From Last Weeks Watchlists:
4/5 Spy Predictions
4/6 Main Watch Plays
Top Winner: PYPL (250%+)
Personal Stats:
2/4 On the week
Overall Green
Kept losses small and wins big. Even with a 50% win rate we were still solid green on the week. Let's do it again this week
Personal Notes from this week:
- Patience is key to success as evident by my trades this week.
- Broadening Formations are incredibly accurate on bigger scales. Cannot recommend researching Broadening Formations enough. They are a cheat code to trading
AMZN Short Position- Price below the 200 MA, confirming the general downtrend.
- Possible formation of descending triangle.
- Demand for the asset is weakening (see volume, RSI and OBV indicators).
When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns.
WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
BTC Market Structure Theory 3Saw a bearish tweet comparing the two assets decided to show my perspective of why they are different. let me know your thoughts.
This one is a bit different but fundamentally the wrong area is being highlighted. its tempting to draw the box in yellow on the btc chart however, the amazon chart is highlighting an area where an ATH was formed at the time, to accurately compare this you would draw the same area on BTC using the prev ath at 19k when doing so, you can see the current btc does infect tag the area.
Amazon's Downward Spiral: Is the E-commerce Giant in Trouble?Amazon's stock has been running into the thick cloud of the Ichimoku on the monthly chart, indicating a significant resistance level that may lead to further declines. The Ichimoku is a technical analysis indicator that uses a range of moving averages to identify potential support and resistance levels. In this case, the thick cloud represents a significant resistance level that Amazon's stock has been struggling to break through. This suggests that there may be more pain ahead for the stock, as it continues to face downward pressure.
The first resistance price for Amazon's stock is around HKEX:107 , which is a critical level to watch. If the stock manages to break through this level, it may be able to gain some upward momentum. However, if it fails to break through this resistance, we could see further declines in the stock price. Given the current market conditions and the challenges that Amazon is facing, it seems likely that the stock will face more downward pressure in the coming months. As a result, investors should remain cautious and closely monitor the stock's performance in the coming weeks and months.