SOFI moving from bottomMassive flow coming into 07/15
Could have found a bottom
R:R is great and worth getting in at any pullback
Options
NVDA IdeaPrice is at the first trendline / resistance.
Confirmation is a candle closing above 312.45
There are quiet a few resistance in the upside, however this name has been beaten, could see some reversal from the lows.
QQQ to follow SPY?QQQ
Could be next t go.
SPY has already broken, QQQ is approaching the trendline.
This will help all tech stocks.
I will wait for a confirmation after a break.
Target is ATH
IBM bottomed?Great R:R on the chart.
Looks like it found a bottom and its ready to move.
There is a gap on the upside that could get filled as well.
SPY, double bottomThe double bottom worked perfectly.
Now we are trading outside the descending trendline.
Any dips are are buys.
As long as support (460.80 - 460) holds, we should be good to retest ATH
COST breakoutI will be waiting for a break of $539.60
Good chances we retest ATH.
Market has been very volatile, keep that in mind.
Never time The Market, right?When it comes to your long term portfolio, please Dollar Cost Average into the S&P 500. Which I will explain how to in detail in my next post.
However today I just want to show a small swing trading strategy theory I will try for fun. The reason I prefer the idea of swing trading is because it requires you to set your candle sticks to 4h,1d, or sometimes even 1 week. This is good because the more time range each candle stick has the more significance a simple trading pattern will have. In other words trend lines (support/resistance) will be respected.
Its very difficult to trade with the market average unless you have a significant amount of capital, and even then your better off on other investments/trades. That's what got my head on option trading; this is a high risk and high reward form of trading. You either lose it all or you make a big return (rough explanation). All this being said that's why I think the S&P 500 is the perfect environment for option trading. I believe if you call/put when the candle hits the trend line you will almost always win; and for breakouts you can wait for the re-bounce.
Please let me know what you think!
riot bACK INT HE BOTTOM OF CHANNEL LOOKING FOR PROPPby 1 and half months out in the MMMM cAll BBBAAABBBYYY
?? back testing idea for learning spy making this weird pattern in the 4 hour time frame on this chart.
is it setting up for a pull back or will it break up over the 200 EMS (the white line)
waiting this week as its blackout week for the feds. next week pow sauce is on air and we will see where the market will go from there up or down
his words that he says needs to be very process to be bull or bearish.
?? lol lets see
$USO IronCondor 72%PoP, 45% profit - gift of the day with 176IVRDon't miss the opportunity of the day!
Highest IVR ETF today with the value of 173!
Of course, -5 delta meaning bearish Iron Condor.
SAFETY ZONES: 200MA could act as support, bullish trendline too.
Max profit: $314
Probability of 50%Profit: 72%
Profit Target relative to my Buying Power: 45%
Max loss with my risk management: ~$150
Req. Buy Power: $686 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 137-173 (ultra high for options )
Expiry: 56 days
SETUP : IC for , because IVR ultra high, for 3.14cr
* Sell 1 USO Jan21' 35 Put
* Buy 1 USO Jan21' 45 Put
* Buy 1 USO Jan21' 55 Call
* Sell 1 USO Jan21' 65 Call
SETUP: IC for USO, because IVR is epic high.
Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.
Take profit strategy: 65% of max.profit in this case with auto buy order at 1.1db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
$NIO | WEEKLY WATCHLIST 12/6Probably the biggest change in charts this week. I kept saying under $37 and my view would be invalidated. Here's the next probable situation to play out in my opinion. Nio < $20 for a long term hold is not bad.
$MU | WEEKLY WATCHLIST 12/6Momentum curling over which is what we want to see. Looking for W2 for a MAJOR buying opp. Stay patient friends.
$MSTR | WEEKLY WATCHLIST 12/6Geee... this looks awfully similar to *cough* $TSLA before the parabolic move. Sitting on TL support. I have provided a fractal (path in blue) using Tesla's historical data. Enjoy.
Target: $1000+
Invalidation: $600
$TSLA | WEEKLY WATCHLIST 12/6Looks like wave C is potentially in here in my proposed ABCDE. If we break below B, I will shift my count to an ABC correction with A=C. Looks very similar to $TSLA.
$GOOGL | WEEKLY WATCHLIST 12/6Looks like a double 1-2 nest. Seems like selling pressure calming down a bit here compared to it's friends. Name of the game this week is waiting for wave 1-2s to form for some more insight/confirmation.
$FCEL | WEEKLY WATCHLISTUgly drawdown with rest of market last week. $7 needs to hold for me to like this count, although $6.69 is the lower fib. This week will be telling.
$FB | WEEKLY WATCHLIST 12/6Still needs some time to develop, but bounced off falling wedge support for now. Also holding between 23.6-38.2% fib.
Markets must reverse in order for Facebook to reverse as well.
$BABA | WEEKLY WATCHLIST 12/6Just something to keep on your radar although China sentiment is concerning. Sitting on ALL TIME LOW TL and flirting with the 78.6% fib. Must wait for wave 1-2 confirmation after this major draw down, but still worth a watch.
$AMZN | WEEKLY WATCHLIST 12/6Patience is KEY here. Potential W2 low for Amazon (again lol). WAIT for wave 1-2 confirmation to follow before entering imo.
$AAPL | WEEKLY WATCHLIST 12/6Looking for a W2 down which correlates to TL support and retest of breakout. Don't rush into this one.
12/6-12/10 | Watchlist #2 | $QQQ $QQQ -380
(Under 380 for puts)
Price targets:
$380->$375
Technical analysis:
- Break down to lower bound of linear regression channel
12/6 - 12/10 | Watchlist #1 | $TSLA $TSLA -980
(Under 980 for puts)
Price targets:
$980->$950
$950->$910
Technical analysis:
- Break below $1000 psychological level
- TSLA break and hold below 50sma will serve as bearish catalyst
#MSFT perfect dip buying opportunity Microsoft as you see in the chart was clearly affected by the wild week we had of trading this past week but it has presented us with a perfect dip buy opportunity if you notice the last candle in the chart has a super long wick on the bottom side showing us that although sellers are in control buyers are rejecting lower prices plus we also are getting a nice bounce off the cloud ema. Part of this dip has to do with the pull back the market had but also the CEO selling a significant amount of shares but either way i still see #MSFT having a 4 in the front of it in the near future.
