SIX - Head & shoulder formation, Consider Jun 55/60 Puts SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42.
To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Down
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY.
As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there.
Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64.
After that SPY ran all they way down to our target are 234!!
Put went up from $0.64 to wapping $4, that was 525% return on a single day!!!
Hope you joined us in the party.
(For entry clarification please check our relevant SPY post yesterday)
SPY - H&S formation short from $237.5 t0 $233 (238 Put option) SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area.
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Possible Head & shoulder formation
Entry Target Criteria- Break of $237.5- -$238
Exit Target Criteria- $$233-$234
Stop Loss Criteria- N/A
Option - Speculative trades may consider $238 Spy Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
GPRE - Big insider selling Possible Short from $24.00 to $14 GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry.
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or lower
Exit Target Criteria- $14
Stop Loss Criteria- $24.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
STAY - Rising wedge breakdown trade form $16.27 to $13STAY seems breaking down from a rising wedge formation. Moneyflow was diverging & now crossed down to negative side. We think it can decline all the way down to $13 area.
* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Rising sedge formation
Entry Target Criteria- Break of $16.27
Exit Target Criteria- Momentum trade, up to $13.00
Stop Loss Criteria- $17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
XAUUSD short position agaisnt dollartake the s.l above the blue zone, our first target is near to 1220.04.
Hope you guys enjoy
CAD will fall after resistance touch - SELLAfter USD news there is high impact CAD news from last resistance market will fall and break down and getting short.
instructions: timeframe 1h
GBPUSD Down FallHello traders, My Analysis on GBPUSD is I think It will break the 23.6% Fibo Level, so If it breaks and close under the 23.6% level I will be short on this pair with 1st Target of 1.20785.
#TradeAtYourOnRisk
#GBPUSD
#SHORT
Possible Short XAUUSDGold reached a resistance zone. We will ride XAUUSD down to the support zone wich is drawn as a blue square in this chart.
SLF - Rising wedge breakdown Short, from current label to $36SLF seems breaking down from a rising wedge formation. Good moneyflow divergence. We think it will decline from current label & it can easily decline to $36 area.
* Trade Criteria *
Date first found- February 2, 2017
Pattern/Why- Rising wedge breakdown
Entry Target Criteria- from current label or retest to resistance around $39.
Exit Target Criteria- $36
Stop Loss Criteria- $40.13
(Note: Trade update is delayed here.)
Apple Hitting a Ceiling Today NASDAQ: AAPL has finally reached a resistance line around 132.40. AAPL has reached these levels over a year ago. Does this mean apple may fall? Yes it could, but it might finally reach an all time high soon. I would stay neutral for now; leaning more to being bearish. Check it out!
USDJPY - DOWNBig down trend in 4h probably goes down to 112.500 after retraces and goes deep down to 111.200 - 100
USDJPY: support has broken. Down!The Chart is moreover autodidact.
The USDJPY sentiment has CHANGED abruptly.
Last week, we thought the pair will ignite the next rocket stage, for a jump to 131.xx but,
this is financial markets: You have to adapt to it. Like Rambo in the jungle :D
For all other questions, don't hesitate to leave a message.
Good trades & enjoy the day...
GOLD SHORT TIME FRAME SHORT FEB 2017Like the title is meaning, for the next week 1-3 weeks, XAUUSD (Gold) could go down. It has reasons and for those who may have some questions, don't hesitate to leave a message. Cheers.
