Thestrat
$AMD will we go for the gap?Still inside week but the trigger to the upside is at 78.24, target 79.24. Gap is at 83.63. Keep in mind that this is also the outside quarter trigger. There is only one month of "quarter" left, but a santa rally could push it. Also we see the big inverse h/s on the day. There is no strat actionable signal for a put unless on the 1 hour.
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.
MMM Long 2-2 Reversal on the DailyLooking at Calls tomorrow for MMM. It would switch TFC on the monthly to support it and the weekly by taking out PTs would also switch and become a failed 2. Entrys and PTs are marked for you.
OXY Short 2-2 Reversal Looking at OXY tomorrow for the 2-2 Rev with the failed 2 using The Strat on the daily, TFC on the monthly supports it and the weekly still being and inside candle shows it has still lacked choosing a direction this week.
$WBA ($XLP) Walgreens Long Setup $WBA ($XLP) Looking real high probable to go outside QTR. FTFC 🟢 Jan. 40Cs look the best.
$DOW ($XLB) Long Setup $DOW ($XLB) With some space to 50$. IF this thing wants to go outside quarter, that would be expansion to the higher highs of the daily BF (Bottom right chart)
$FCX (Sector: $XLB) Long Setup $FCX (Sector: $XLB) 2D-2U QTR 🟢 FTFC 🟢 Short term long targets around 40$
$EMN ($XLB) Long Setup via #theStrat $EMN ($XLB) Not a name I've traded, but it has triggered 212U Month 🟢, 212U 2Week 🟢 . Room to 85$, and then 90$ if it breaks through those levels
$OKE ($XLE) Long Setup $OKE ($XLE) Other names in oil may need some exhaustion, however $OKE has a nice 212U M right now 🟢 , 212U 2Week 🟢 with short term target around 64-65. FTFC 🟢. Need Dec. cons at the least
$GLD Long Setup Watch out for $GLD; Very high probability of this going outside month which gives a target of 160-161$, Also about to go 2-1-3U on the 2W 🟢 . Dec. 160C's are beautifu
SPY Dump incomingUsing the Broadening Formations from The Strat we can see that SPY is riding the top of the BF well, but even with FED mins coming out it still could not break resistance on the Daily. With that I expect SPY to chill around this area until next week or December at the next fed meeting. If you are in our group and read my write ups you know the real recession is coming 2023 and that is where I believe SPY will create Lower Low. Trade Price Action Friends. Have a green time.
Thirsty Thursday FV Gaps11/24/2022
Some nice Fair Value Gap Entries riding it up and down. As always Blue arrows are the entries and Red arrows are the exits. Up arrows Buy/Calls while down arrows Sell/Puts.
$AA Long Setup$AA Currently 212U Month. If it can continue to push, 45-47$ Short term target. FTFC 🟢
FVG Nice!!11/8/22
Nice entry in the 15m FVG while also breaking the overnight SSL Low. Then easily ran up into the 15 minute FVG above for the near perfect exit. Alos notice how it ran right into 5 minute Order Block right before the close and bounced right off that. I did not play that since it was to near the closing time but it would have been a nice scalp except for it never really reached any targets above.
$ES_F Been waiting for this move since last week. looks like we built enough liquidity for the move and today is Tue. By the time NY Opens I expect a close at or near 3704.25 by Wed at the latest.
$AMD not enough juice for earningsQcom dropped hard and with market conditions, AMD is looking like a 3-2d on the day. Needs to break 58 (also the bottom of the BF) but again we are right back in the chop zone. We have also triggered the outside week under 59.69, with a target of 56.67. If it can act right with a nice red day tomorrow, it can break that range. 1 hour correction may be needed first.
Broadening Formations For The Win.Broadening formations are a great way to see when exhaustion is coming, $SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation
$/ES_F *Updated*This is my updated forecast. On my previous post I had the projection a little too low
$/ES_F Grabbing BSLI expect higher highs but first a pull back (Break of Structure) into one of the larger tf (h1-h4) FVGs to give us an OTE long entry. Probably expecting a Red Mon and Tue before the next push up.
$AMD tight spot, with this inside dayNOW earnings boosted this after hours. It's in an interesting spot. $60 was the level to beat. It held it for the most part. If it can stay above and trigger the 2-1-2u tomorrow, it can be a good play. It really needs to break 62 with some force since that BF is sitting right there. Then can target the 64. Breaking that will flip the month/qtr green and can target the gap. This may not happen until earnings or not at all, but something to be aware of. Downside needs to break and hold 59 and can target 56, but be careful as this has been a chop area. Call vol is nice
$/ES_F I trade options so I play the NY market. Currently waiting to see if we fall through this breaker block and attack external range weekly Sell-Side Liquidity. I am 50/50 at the moment.
