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Google has just started to complete a bearish Head & Shoulders formation after bouncing lower off the $1085 resistance level. Look for a continuation lower towards $1000 support level on this short idea. Use Put Vertical Spreads to limit your risk.

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As markets rally higher off the $155 lows back towards $170 resistance area, the market has been under distribution under that time period. This completes the right shoulder which provides a very good risk/reward for shorts opportunities. Tight stops can be placed above $170 or use Put Spreads to reduce your risk with a conservative target of $155 and extended...

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After breaking below a major support level at $1500, Amazon completes the left shoulder and head of a head & shoulders formation. Look for a rangebound scenario between $1300-1500 to complete the right shoulder, before targeting $1200-1220 area to the downside. Take short positions on any bounces higher towards the $1500 level.

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As the market corrects back to the 200 D SMA and consolidates between the $258 support level and $266 minor resistance, it has caused some panic. We want to remind traders that corrections and pullbacks are healthy for trending markets. Late 2017 rally was extremely strong the markets were clearly overbought, this pullback triggered by trade wars and inflation...

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There are a lot of reports, including on Bloomberg that bitcoin has bottomed and now the rally is back! These are just headlines, keep in mind the bigger picture here. Bitcoin has slid roughly 60% from it's high's, a one day bounce of 15% off the lows is hardly a sustained rally. We're trading well below the 200D SMA, a move higher here would be healthy for a...

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The bearish DailyPlay we chose for Tuesday, April 10th is Tesla (TSLA). TSLA is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 4.00% move lower and its 1m and 6m trend have turned bearish on 3/19 while breaking below its $104 support level which now becomes resistance. Tesla's 1m and 6m trends turned bearish on 3/14 and...

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After testing $650 support level twice since Feb, it finally broke below this major support level after spending 3 months in a triangle where we saw lower high's on each rally. This break lower suggests that prices will now target $400 support level to the downside.

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After forming a double top at $11,800 and breaking below $10,000 support level , trends have been weak and we've seen continuation lower. Bitcoin has since came back to retest $10,000 as a resistance level and we are now seeing a clear rejection at that level. This suggests that sellers are back in control and look for continuation lower to our $7,000 target.

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As LTCUSD breaks below it's key $200 support level, there are some minor support levels at $175 (broken), $165 (testing) and $135. The only major support level is at $105 to the downside, and that would be our secondary targets after $135.

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After Friday's strong session, SPY has broken above its triangle which suggests a continuation higher towards $286 high's from early Feb. This rally has been on relatively low volume so caution is necessary. Today's Doji candle is concerning but weekly charts look strong. Use options to take bullish bets in this type of markets where options are cheap and you can...

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Boeing just completed a Head & Shoulders top and broke below its $330 neckline level. This brings $300 support level as our first target to the downside. Use put spreads to trade these breakdowns to limit your risk. Example: Apr 27 285/327.5 Put Vertical @ $1,335 What's your next OptionsPlay?

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After forming a double top at $11800 and breaking below $11000 support, the weakness has continued. BTCUSD price action has been fairly orderly which makes oscillator type sell signals much stronger as it continues to break support levels. Expect downside targets of $7000 conservatively!

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Price Action: Markets have consolidated for a month into a triangle after a long sustained rally. Expect continuation higher after what should be seen as a healthy market consolidation. Inflation fears drove the initial sell-off which was anything but healthy, but markets recovered and sank again on fear of tariffs and trade wars, lastly boosted by North Korea...

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Draghi announced the European Central Bank opted to keep interest rates unchanged and continue its asset purchase program until September. Watch this range-bound $1.22-$1.25 zone. Prices entered this zone from the downside, suggesting a bullish breakout is likely as Euro consolidates in this zone.

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Strong relative strength in a sector that's got strong relative strength, primed for a bullish breakout to the upside. Targets $300 resistance level which is the 52-week high. Use options to play bullish breakouts to leverage your trade while limiting your risk. Example: Apr 20 270/300 Call Vertical

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Intel is a stock with strong relative strength in Tech sector that has strong relative strength. This is a good combination for a bullish breakout to continue higher. Use options to play breakouts with limited risk. Example: Apr 20 50/57.5 Call Vertical @ $248

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Traders have reacted to this $67 level since June 2017 and now being tested as support. Intraday it's been broken many times but look for a break below to continue lower to $64 and $62 targets.

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COINBASE:LTCUSD is testing a major support level at $200 and looking somewhat weak. Moneyflow is negative showing distribution which is bearish. Break below $200 should bring 200D Moving Average as a target to the downside $130-140 area.