BluntForceOptions

BluntForceOptions Apr 8

The stock has now broken below S-1 support at $2.92, confirmed by a large red candle signaling a clear downside breakout. With small-cap biotech under heavy pressure, a move toward S-2 support at $1.84 (dating back to Oct. 2023) is now a real possibility. Not trying to pick on the stock — just calling what’s in front of us. I’ve held off buying so far, and...

BluntForceOptions Apr 4

Nike has already been in a prolonged downtrend, but today’s 14% drop, closing at $55.58, added serious fuel to the fire — driven by tariff-related headlines and broader market pressure. Despite the steep selloff, I’m not stepping in just yet. There’s still a lot of macro uncertainty, IMO, and with momentum and technicals working against it, I’m anticipating the...

BluntForceOptions Apr 2

Yes, NVO has pulled back hard — from highs near $148 to the mid-$60s, now trading around $68.33. While this selloff may look oversold on many levels, I’m still avoiding the stock for now. The broader market remains in a downtrend, and with macro uncertainty still front and center, I’m not eager to jump in prematurely. That said, I’ve highlighted a longer-term...

BluntForceOptions Mar 28

SOUN is back at its 200-day moving average — a key level that's held before, and now it’s under pressure again. No clean break yet, but the setup is looking vulnerable. If it loses this level with conviction, downside momentum could accelerate fast. I’ve got eyes on $6.03 as the next major support zone. This is where the bulls need to step in — or risk a deeper...

BluntForceOptions Mar 28

A double bottom formed in early March, leading to a strong bounce above $30. Since then, the stock has pulled back into the mid-$20s. Given current market conditions and the chart setup, a retest of S-1 at $24.50 looks likely. If that level breaks, S-2 at $17.96 comes into play as the next key support. Watching these levels closely. Price action here will be telling.

BluntForceOptions Mar 21

The stock has now broken below long-term trendline support on the multi-year chart. That level now flips to resistance, with the breakdown under horizontal support reinforcing the bearish structure. With broader market weakness, I'm anticipating lower levels ahead, potentially into the teens if momentum continues. Watching closely.

BluntForceOptions Mar 11

VKTX bounced off $24.50, testing a key support level that could confirm a double bottom if it holds. If it breaks down, I expect a move toward $21, a longer-term support level I’ve been watching and where I may consider stepping in with cash-secured puts once it stabilizes. Let's see where it trades from here. Stay tuned. 👀

BluntForceOptions Mar 11

The S&P 500 (SPX) has officially closed below its 200-day moving average, a significant technical event that traders and institutions closely monitor. This marks the first time since late 2023 that the index has broken this key support level, signaling a potential shift in market sentiment. 🔸 Why This Matters For those who don't know, the 200-day SMA is widely...

BluntForceOptions Mar 10

SoundHound bounced perfectly off the SMA 200 ($8.28), confirming it as key support (S1). This remains a critical level to hold. I’ve now added S2 ($7.94), S3 ($7.28), and S4 ($6.10) as additional downside levels to watch. If the SMA 200 fails, I’d anticipate further downside, especially in the current bearish market environment. Keeping a close eye on price...

BluntForceOptions Mar 10

Nebius came very close to my S3 level before catching a small bounce, but this support remains critical. If it fails, I believe we’ll be looking at a move into the teens, with S4 and my revised PT now set at $17.55. Given overall bearish market sentiment, I think there’s more downside ahead, and I’ll be starting a position at S4 if we get there. Watching closely...

BluntForceOptions Mar 5

The stock may appear stagnant, but momentum signals are flashing early signs of a potential shift. Both the Relative Strength Index (RSI) and Stochastic Momentum Index (SMI) are making higher lows, signaling a shift in underlying strength. This type of bullish divergence suggests that downside momentum is weakening, even though price has yet to reflect it....

BluntForceOptions Mar 4

SoundHound has remained on a downward trajectory, and now all eyes are on the SMA 200 as the next key support level. With the stock approaching this level, how it reacts here will be critical in determining the next move. A strong bounce here could indicate some stabilization, while a decisive break below would suggest continued downside pressure. Keeping a close...

BluntForceOptions Mar 3

As outlined in my previous chart, NBIS tested both S-1 ($38.87) and S-2 ($34.01) before ultimately breaking through. Now trading at $28.80, I’ve plotted a new S3 at $24.41, which looks entirely achievable if selling pressure continues. So far, there’s no clear sign of a reversal, and momentum remains to the downside. The key question now is whether buyers step in...

BluntForceOptions Mar 3

After falling below the lower trendline of its pennant formation, SLDB remains under pressure, with technicals pointing to further downside. S1: $4.48 – First support level, potential reaction area. S2: $4.03 – Offering price and key support zone. With bearish price action and technicals in play, a move toward S1 looks increasingly likely. If that level doesn’t...

BluntForceOptions Mar 2

The stock is now deeply oversold, and key technical signals suggest a potential reversal is forming. With Fib retracement levels plotted on a chart spanning from Mar 2024 to now, the upside potential is clear. The absurd and recent $1.55 low serves as the base for this retracement, and multiple bullish technical signals that I follow closely are aligning. • ...

BluntForceOptions Feb 21

I’m still watching $4.48-ish, a key technical level where prior trendline resistance might now flip to support. This level, IMO, remains comfortably above the recent offering price of $4.03, and given the increasingly cautious macro sentiment, I think it could realistically get tested soon. I'm not in a hurry to chase moves in this environment. Instead, I'll wait...

BluntForceOptions Feb 20

Nebius (NBIS) has made a strong run but is now failing to break through the 200 SMA, a key resistance level that continues to hold. Without a decisive move higher, the stock looks vulnerable to a pullback toward support. I’m watching S-1 at $38.87 as the first key level. If it breaks, I expect further downside toward S-2 at $34.01. Given the recent price action,...

BluntForceOptions Feb 19

Most are already familiar with the recent Nvidia (NVDA)-SoundHound (SOUN) news—the stock fell 28.1% on Feb 14 after Nvidia disclosed it had sold the remainder of its holdings in the AI voice company. Rather than rehashing the headlines, let’s focus on where things stand now. Since the sell-off, SOUN has been tracking the SMA 100 without a decisive breakout to the...