Koch0617

Koch0617 Updated 

Earlier today I said I was going short in AAPL. Stock has taken mild break out to upside Staying unless close above orange line

Koch0617

Am shorting SMH now at top of downward sloping trendline

Koch0617

AT top of downward channel

Koch0617

Nice H&S Going to sell 120 calls

Koch0617 Updated 

APPL at upper border of descending channel line. Can short now and SL at recent high

Koch0617

If GOOG closes below 1400 I will sell it. Because volatility is high you and the stock is expensive, you can sell the Oct 20 1500 call and Buy the 1550 for ~ $1000 credit. For a margin account, the margin currently with Interactive Brokers is only $1,100. I will then put in a good till cancelled order to get out when option pair is ~$500 I can also wait till it...

Koch0617

Price meeting resistance and has yet to fully meet Wolfe Wave Target Line I will enter small position now with stop over recent high Alternatively, sell Oct or Nov 56 call

Koch0617

Price meeting resistance and has yet to fully meet Wolfe Wave Target Line I will enter small position now with stop over recent high Alternatively, sell Oct or Nov 56 call

Koch0617

Retracement off of double top on Daily Retracement off of hourly. SL 11.78 TP ~ 10.50

Koch0617

Top of descending channel and resistance. Likely next few trading days

Koch0617 Updated 

Wolfe Wave plus gap that needs to be closed exists in QQQ at 240 on shorter time frame

Koch0617

Downward channel meets gap to close at $100 Play it safe by Sell call credit spread for Oct or Nov 115/120

Koch0617

See the TWO red arrows each off of different WolfeWave + Support + midline of Andrews pitch fork all pointing to same target

Koch0617

Financials are weak and LNC is among them. Stopped at resistance, then broke ST trendline. Next is LT trendline. Measured move takes stock from 36.5 down to 31 (minimum) or all the way to last low at 16.

Koch0617 Updated 

WW has formed nicely including a-b-c wave between point 3 & 4 in SPY Also if volume today is less than that on Thursday that also supports WW completion Gap high island also supports this. So initial target will hit Target Line

Koch0617

Fundamentally retail is dead Bear Wolfe wave will go from $33 to $23 Time to sell short or buy puts. Stop just above Thur high. Great R:R

Koch0617

Excellent WW formation with a-b-c formation between wave 3 and 4 Island gap If volume today less than that of Thursday also supports exhaustion up 50% retracement from SPY high to low also

Koch0617 Updated 

Bear wedge continues. Clorox is not the only company making Handiwipes. There is always Walmart Advance stuck at 0.382 retracement. Expecting breakdown to take it way down to fill gap 35-40 points lower Am buying Sept or later puts around 175