BONK has completed a nice consolidation with its falling wedge formation which we have broken out from. I expect a retest at the break of the wedge upper trend line then a continuation higher to the white line marked above.
BTC has previously rejected from the $31050-$31800 region of on its two previous test of the region. If we break past $32000 it will make on opportunity for us to go long if not we will most likely see $25000 again.
Amazon has reached a major support region of $80-$84 and looks like it's ready for a possible bounce to $95-$100 region.
After Apple broke downward from its rising wedge formation it created a descending triangle formation which is a continuation pattern. Apple broke its support of the descending triangle retested the support that now is resistance and looks to have further down side. I'm short on Apple after it retested. However, the short will become invalid above $175.
Bitcoin has formed a rising wedge on its daily time frame. If we break below support we can see 27k to 28k. We we bounce off the current support of the rising wedge and break above the 31 k region our next target will be $32k then 38k.
AMD broke out of its falling wedge on the 1h time frame and also reached it's demand zone at the $107-$108 region. Looking at calls 2-3 weeks out for $109 :)
On the daily time frame spy has formed and a rising wedge and broke its bottom support
NVDA has formed a rising wedge on the 4hr time frame and is approaching is daily major resistance. My current short region is $170-$175 as long as we fail to close above the top resistance line in red. Options play $170 puts 3 weeks out when top red trend line is hit or bottom support of rising wedge is broken :)
GS has formed an ascending broadening formation on the daily time frame. Its first target is the $329-$330 where we may see a bounce afterwards if we retest and break this region we're heading for $299-$300 region which is the support line for it's current broadening ascending formation. Play short on pull backs :)
VISA formed a rising wedge on the 4hr time frame and broken its support. Secondly on the daily time frame VISA formed a descending channel which it broke out of and reentered due to a false break out. Current play is $200 puts out for Jan-Feb :)
Apple broke its support of its descending broadening wedge and has further down side I have 12/23 PUTS for $138 :)
AMD has formed a pedant pattern on the 4Hr time frame and has broken it's lower support. Also on the daily time frame AMD has his the top resistance line of the descending channel. Current play $70 puts for 12/30 :)
NVDA is rejecting near the $134-$135 region which is acting as the current resistance. NVDA has formed a descending channel that can be spotted on the 1hr, 2hr, 4hr and Daily time frames. We're currently rejecting off the top trend line and should reach $115-$120. However, if we break the over head resistance we head higher. I'm currently shorting NVDA on pull...
Over the years spy has traded between two trend lines that have formed a rising wedge. There's a possibility in the coming months to years we break the bottom support line and fall significantly. However, this is an observation from the 2 week time frame of the Spy chart. I'm currently short on spy until the bottom trend line near $295 to $300 is reached. We can...