All set to collapse towards $100?I think this is a bear market rally towards $170. Soon this will turn around trapping bag holders and in next 3 months this could drop towards $100.
Puts
2X $PLTR 1D Tech. Analysis!$PLTR stock has been getting KILLED!!! Now sitting on -75% Discount, reached all-time lows in May (-85% Discount). We are looking to join the fun & capitalize! We are looking for PUTs only on Palantir tech, we are currently in the golden zone of the FIB. The stock will retrace due to bullish momentum the past 3 days last week but soon as we see a Doji or bearish confirmation, WE POUNCE & EAT GOOD off of this bearish move forming!
SPY (You like the sneakers?)Looks like we may be at a pivot point. We are at an overbought area on the RSI. I believe that this may be an "abc" corrective wave pattern. We may be coming off of the C part of the wave. I didnt want to over mark the chart. Looking for a 61% Fibonacci retracement to the previous low. It's a fair fight around this area regarding bulls and bears volume so I recommend looking at volume analysis before we really see where price may go. Price may need to test this 200 HMA. However, I have my reasons to believe that this current rally needs a cooling down.
What do you think?
GM (You like the Shoe?)We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push through the trend line. Until that point is proven, I'd like to see it test its recent low. Let's see how the open goes. Not advice.
(SPY) Triple Top FormingThe SPY chart is forming a beautiful triple top pattern, and with the up coming FED rate hike and (-) Q2 GDP data confirming a technical recession releasing July 28th. I believe that the triple top will be completed around the 29th of this month, and the SPY will drop to the bottom of the overall trend line at around $360. Also in this chart you can see that the SPY has strong resistance at the $390 price range and rejects hard back to support roughly at $370. Let me know what you guys think in the comments.
$SPYI'm not really trading off of patterns, but this seems like a bearish pennant to me. We'll most likely break lower in the next days /weeks and head down to the low from 6/17 or even lower support zones. I'm hedged as off now with expirations in August and September.
The Crowd Strikes BackTime to initiate order 66. Any remaining high price to sales stocks should be shorted into oblivion.
DAL options ahead of earnings If you haven`t bought the previews bull run:
then ahead of earnings I would buy the following Delta Air Lines, Inc. (DAL) calls:
2022-7-15 expiration date
$29.44 entry price approximatively
$31.5 strike price
$0.37 premium/share
Looking forward to read your opinion about it.
(AAPL) Apple Analysis I'm basing this analysis on the tools listed below in addition to my own observation of APPLs reaction to key FED data and market health indicator data. Apple has surpassed the bearish trend line channel shown in black, without fail the stock returned to the bottom of the channel fast and hard when this occurs. I believe we are currently in a technical recession and that hasn't been fully priced in because the FED and the White House don't want to put that idea officially in the market for their own best interest... if you were President would you want to be known for having a recession during your time in office... with re-elections coming up... I think not. There is a reason some of the biggest companies have opted for splits during this time, it's because they see the writing on the wall and much harder times coming 2022 - 2023 but I digress, check the chart and good trading.
-The red vertical lines indicate a day of important market moving data
-The yellow adjacent squares represent a mirroring overall pattern noticed between the two sections after crossing the above mentioned red data lines
-The yellow line running parallel is the 200 EMA
-The green dots are key areas that seem to occur just before and after key (-/+) data releases
-The green line is the projected path of next weeks
-The Black lines are the high & low trajectory channel of the bearish trend since the stock peaked in December 21'
$129 Retest before earnings
Tools
200 EMA, Swing High & Low Candles, and Trendlines W/ Breaks
$SPY - Burning All PutsYes! I expect us to break the recent low. Two major gap downs on 6/10 is VERY bearish. If you have two large gaps like that, it means we have a lot of selling pressure, which we're not done selling off, however, it might not happen within the next month as we need to continue our upside move first as I stated in my past posts. I would be cautious on going short/puts since we have a bullish setup on the chart. We could easily go up and meet my daily resistance trend highlighted in yellow, reject, and then move higher with us eventually (possibly) hitting the uppermost key resistance trend that I've outlined in teal before moving back down. You may use me as an indicator, but overall I am long in the interim.. till next time! :-)
This channel is the current trend that I see. Pay close attention to the macro trend lines. Price action around these macro trend lines should tell you if trend reverses; it did not reverse today. I have the Cash in/Cash out report set to 10 days in this example. The indicator quiets market noise, today was noise. Give the indicator a like if it makes or saves you money. If the indicator gets 1,000 likes I will make it a free app for both IOS and Android! Indicator found here Get your money back frens!!!
TSLA Price targets entry/exit 6/22/22PT1 and PT2 above 705 is possible entry for puts/exit for calls.
PT1 and PT2 below 705 is possible entry for calls/exit for puts.
Look at bullish/bearish divergence indicator.
RSI below 30 enter calls.
RSI above 70 enter puts.
Puts favored:75%
Calls favored:25%
$ROKU short term bounce?$ROKU suffered a lot in the past few months after missing earnings and continues downtrend in the overall market. on this bearish market, its really hard to predict movement for bullish move. per #strat technical perspective; $ROKU is starting to gain more momentum after last week's slow and small rally.
Despite the small rally from last week, the seller ratio still ratio is still higher than the buy volume.
Below is my buy and sell target for ROKU
For scalp or day trade moves.
For calls; buy above $85 and sell at 86.04 or above
For puts, buy below 80.30 and sell at 79.28 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
PCC Spiking, Last Time was March 2020Wanted to get this posted for anyone who's got active trades open... particularly long positions.
$PCC above 1 is generally bearish, below 1 is generally bullish.... basically showing volume of Puts & Calls traded.
With Put trading spiking like this, extreme caution should be taken with tight stops.
$ZIM Short IdeaWatch for ZIM to close above the strong trendline it's been following since inception, otherwise implications are more downside.
Rejected twice now, expecting a move to more downside , first PT $48
I'm long JUN PUTS
I was very long ZIM but had to see once broke $70s and stop was triggered.
$SPY Trendline PrecisionWe're seeing huge put volume that continues to test the trendline resistance based on my previous $SPY analysis and based on the timing of this post, we just saw a huge bump from that same trendline. $QQQ also went red today and is fighting intraday support. Stay cautious as we could still move upwards in the near term, but I fully expect us to trend lower within the coming month(s).
$AMD's Bearish SetupWe recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish trend, so the bulls will want to get that back above the wedge.
Current position: I am still short on $AMD ($100 Put) and will monitor it to test the bottom of the wedge.
$AAPL's Optimal Risk to Reward$AAPL is one of the largest holdings in the market and has been rejecting the strong $150 level. There's a head and shoulders intraday formation on the 15m. I love the short setup here and believe it to be optimal risk to reward. Make sure your risk is intact and be sure to set your stops if you do get into this for a weekly.
Tesla & Nordstrom OpportunitiesBear market is here and we are seeing swings up & down today. Nordstrom reporting earnings willthey go up or tank?
Rolling towards $200?It looks bearish and rolling over towards 200. Deglobalization can happen and its a bad news for MCD or any multinational.
$SPX $AAPL $TSLA $ITB Chart breakdownClosing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course)
SPX less than 3850 (-20%) funds go officially "Bear Market"
3700 Capitulation levels
Less than 3500 massive de leverage , margin-calls , and breakdown
We need one of those "bear market rallies" I keep hearing about ...
7 red weeks in a row, very historical price action, caught a lot of people off guard, including me : )
$DRI Chart Breaking DownWhale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
