TSLA with a big squeeze happeningNot sure which way TSLA is gonna pop at the moment but it is certainly squeezing up with a TTO, choppy choppy. Gonna be looking for #TheStrat to trigger entry on the weekly or for a actionable signal on the day chart
Clutchtrading
Told you the dump was coming in this level in my last publish. Hope you made some money today. Lat time I showed how when we get to this level we normal have a massive dump off. Still held true all this time later.
SPY Chop BeginsAs discussed earlier we are heading into a choppy zone for SPY before a big break out. Today Finished as a failed 2 giving a good Put set up. However we know the that we are heading into a choppy zone. Scalps only using price action and wait for a clear set up. We are going to leave this zone. Not sure if we will break the top first or not though. I personally see SPY having a big drop in the future in 2023. It doesn't make sense that we are heading into a recession and that stocks will rally during that. We haven't really hit the recession yet but the newest jobs data and consumer reports we are now fully lining up to be in one. When it truly hits I believe we will see new lows. Until then, play price action and wait for clear set ups.
Spy Entering Choppy Zone While Being At Top Of The Tread LineIf we zoom out on the daily and look at the area SPY is getting ready to tap into we can see its entirely possible for it to break this tread line but buy doing so it will enter into a notoriously choppy zone. It could spend days there before having a break out and then it has the chance to go up or down after the chop. You can see here when it broke to the upside it didn't spend too long there. Meanwhile when it broke to the down side it did so viciously. Very curious to see if we get the Santa Rally break to the upside for December and we get choppy and then as it comes back down before cracking into new lows. Play price action on the daily, this is just a bigger picture look at things. Anything could happen.
Almost Touched The Top Of The Tread Line...What Will Happen NextToday ended up being massively bullish after FED Powell. Spy broke resistance and the daily broadening formation its been respecting for quite some time. But interestingly the bullish momentum stopped after almost touching the tread line. I'm very interested to see what tomorrow will bring. My Advice is to wait for a clear set up and then make a move after a direction you see rather then guessing at market open. Anything could happen.
ABNB ShortLooking to take ABNB for a 2-1-2 continuation on the daily to the downside. This already lines up nicely in FTFC with the weekly and monthly for the short play already. Although it is a one and can break to the upside I'm not neutral on it because of FTFC this late into the month and middle of week.
DKNG Short on Daily 2-2 RevDKNG has a nice 2-2 Rev on it that will trigger the flip of TFC on the weekly to give full TFC all the way to the monthly lining up. Looks like a good daily play for smaller accounts looking to grow with minimal financial risk.
