Alanger17

Alanger17

SPY - I had no real bias going into today's session other than mentioning last night that downside was more likely to come today because of the failed 2U daily created on monday. We closed slightly red after seeing a decent drop to the high 393 area, forming a weak bearish 2D. Going into wednesday (3/29), I am hoping to see some downward continuation to the...

Alanger17 Updated 

SPY - Starting off the week strong with our analysis. Yesterday I said we were looking for more upside today on SPY, which unfortunately came mostly in premarket movement. SPY finished the day barely green and formed a failed 2U on the daily. I also want to point out that we came pretty close to my upper trendline on the daily chart. This information all leads me...

Alanger17

SPY - After a hectic week of news and volatility, we finished green overall. On Friday, we saw lower lows as I had mentioned was our goal on my Thursday night watchlist, but ended up closing exceptionally strong after a solid intraday reversal. With that, and the fact that our week was green last week, leads me to believe we will hopefully see some bullish...

Alanger17

SPY - Another solid prediction on yesterdays watchlist. I said I wanted to test 390 today and although we were green to start, we ended red as SPY was about 30 cents off of that 390 target. Going into tomorrow, I am hoping for some more bearish continuation as we have created and followed through with our bearish broadening formation on the daily. Watchlist: Not...

Alanger17

SPY - wicked day with FOMC. I was slightly bullish for the 3rd day in a row going into today. We saw some upside before the news was released. SPY ended up tanking with the news results and closed as a super bearish engulfing day. Because of this wild movement, we had 0 inside days show up on the scanner, so for tomorrow I will mainly just be watching SPY, GME,...

Alanger17

SPY - Once again we were bullish going into today and ended up getting that upside movement we wanted. Tomorrow is FOMC so no real prediction for tomorrows movement other than some chop leading up to the news. As far as the news goes, I am leaning more on the bullish side but quite honestly that is purely a guess. Trading light tomorrow if I take anything, and not...

Alanger17

SPY - We were slightly bullish on SPY if you saw yesterdays list. SPY finished green around 1% which is what we expected, but we made another inside day today putting SPY in a 2-1-1 pattern on the daily. I am still expecting us to push higher tomorrow, but I have a feeling it will be a tricky day of price action with FOMC on wednesday. Overall slightly bullish...

Alanger17

SPY - expected spy to push slightly higher on friday but we made an inside day instead putting SPY into a 2-1 setup. I am somewhat bullish still on SPY for Monday, but I could see Monday going either way. Watchlist and bias: Daily Chart Setups: SPY - 2-1: Slightly bullish AMZN - 2-1: Slightly bullish DIS - 2-1: Neutral LULU - 2-1: Neutral MCD - 2-1: Bullish UNH...

Alanger17

Going off of yesterday's watchlist and notes, we were expecting bullish movement on SPY and we got it. Very strong close again on SPY leads me to believe we will see a push higher again tomorrow, but I am not entirely sure how much higher. With that being said, I think we are set for a solid friday session. The scanner only had 5 tickers on it today with our main...

Alanger17

Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include: HD (2-1) daily DOCU (2-1) daily Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle,...

Alanger17

Inside Days - BABA, BBY, CFG, KO, M, PEP, QCOM, UNH Inside Weeks - ADBE, CHWY, EBAY, KMX, LCID, MMM, NKE, SBUX Inside Month In Force- AAL, CTRA, FCX, FMC, MCD, MRO, SLB 50% Rule Setups - LULU Engulfing Days - KHC, XOM How to play each setup mentioned above: - Inside Day/Week/Month is played by watching for a break of the high/low of the inside bar. You...

Alanger17

Notes: SPY coming off of a very strong week. Last week I mentioned we broke out on the weekly and should see upside, which we did. Now we have a failed 2D on the daily, and with a strong weekly close, I am guessing we see 421 on SPY before continuing higher or reversing. Going into Monday and Tuesday, I definitely think we will see some upside before making any...

Alanger17

Notes: Not a ton of action on the screener today as most stocks moved up 1-2% with SPY. SPY weekly breakout seems to be playing out really well with FOMC leaving a bullish feeling in the air. I still don't fully trust the bullish movement, but once again, we have to play what's in front of us and remove all personal bias from trading. Going into tomorrow I am...

Alanger17

Notes: Green slow run up kinda day on SPY. Not any real crazy movement as anticipated. Expecting the same, if not worse, price action tomorrow leading up to FOMC at 2 PM Est. Gonna be watching my list below but will probably call it an early day after we hit that choppy lunch hour price action that we usually get on FOMC days. Trade safe. Dont play the news unless...

Alanger17

Notes: SPY gapped down and had a choppy red day. I have no hope or expectations for tomorrow as I think economic news and lots of major earnings throughout the rest of the week will cause some wicked price action. Trade safe tomorrow, and don't trust the moves. MMs love to set traps in setups like this. Watchlist: MRK - 2-1. One of my favorite stocks to play...

Alanger17

PFE - failed 2u-1 on the daily, looking for more downside tomorrow. Put Trigger below 44.83. Put SL/Call trigger set at 45.32 JNJ - has a 2-1- on the daily. Feeling neutral but would prefer downside on this play. Call trigger above 169.62, Put trigger below 167.50. JNJ has earnings report tomorrow so be careful trading this one. (SL for call and put trigger is...