PT_Marche

PT_Marche

Watched at open the price dip into demand and entered a long position. Took half of my positions off when it came up to a small supply and to lock in profits. Still looking for a longer term target price of 110. Looking at after hours, glad I kept some of my position on! Will have to see if it holds. If it does, will be hitting my price target of 110 a lot...

PT_Marche

Setup working just as planned. Opened today above demand, quick dip down to demand, then a nice rally for 10+ points! Possible little pullback around 273 to watch for next potential entry.

PT_Marche

If DIS holds the 97.50 demand area, I’m entering some long positions with a target of 110. It has tested the above supply few times now and I think it has a good chance of buyers overcoming sellers on the next attempt. As always, going to watch how price acts and ideally would like price to dip into the demand zone to grab some more buyers.

PT_Marche

If if holds 370 area, my key price interest is clearing 383. If above, will take a small bullish trade up to 390 area for 7-10 points. If it rejects 383, I think it is possible we head back down to 363 area demand to pick up some more buyers. So above 383 = bullish Below 383 will look for retrace down to 363

PT_Marche

Liking amazon here to watch for an entry long. Lot of buying / volume right into a supply zone but it held up today and didn’t reject. Possible small retrace to demand right below but if it can hold here I will be looking for an entry to get long. I think if it can get over 2030/2040 this can rifle right up to 2100.

PT_Marche

I like the retrace into demand with MA here and think we can head higher and push towards 290+. I think this current demand zone will hold and provide a good base for it to rally. Not much supply after the initial supply zone that was tested today (well there is some). I’ll watch for a move back up into supply and if we can clear today’s high, don’t think there...

PT_Marche

Will watch LULU tomorrow and see what kind of action happens. Think if it holds this demand it currently is in, which aligns with .32 fib retrace, possibly a good opportunity to grab some calls for the upside for wave “c.” If current demand fails, will wait for it to drift down to next level demand. If gaps up in the overnight, like this market seemingly likes...

PT_Marche

Watched as AAL shot up to a big supply zone. Tagged it and rejected right away. Was a quick move but was able to get some good fills on puts right away for a nice swing back down after rejection. Think it will bounce around for a bit but no trade plans until price drifts back towards either of the demand/supply zoneS. If supply, since it was such a very brief...

PT_Marche

Took an intraday short trade today when INTC entered (and overshot a bit) a first primary supply level I was targeting. Watched price action and was able to get a good fill on some puts for a nice gain today. From here I think we continue down to demand level for "b" and then reverse upward towards "c." With the craziness of this market, will watch the up...

PT_Marche

I’m counting 5 waves in for “a.” Looking for retrace to demand for “b” before heading up to price target of $62 for “c.” Will watch to scalp a short but primarily looking for a long position on a retrace.

PT_Marche

TSLA gave up demand zone around 500. Next demand zone only being 30 minutes I think will react a bit but don’t think enough buyers there, pointing to my price target to watch around 430. Right now staying out of any trades here. Giving up 500 demand zone I think really opens the gap between next strong supply/demand zones = too much chop/uncertainty.

PT_Marche

Earlier thought about taking a call credit spread but price never gave me a convincing entry for a day trade. Obviously it would have worked out today but it isn’t about that. Don’t trade just to trade; some of the best trades are no trades! Who knows, I could have done that trade today and the market decides to have a complete opposite event of today, where I...

PT_Marche

Think we are right around end of wave (B) and start to build up (C). Only building small position. Will wait for wave 2 retrace of 1 within (C) to load more if price sustains!

PT_Marche

I try to avoid chop zone trades (areas between supply and demand levels) but depending on price action today, may look to throw on a weekly call credit spread if price retraces back up to 250 supply level. Still targeting 240 as primary area to look at entering long position. Know your risk! Don’t over trade!

PT_Marche

So BA gapped past demand level which flips it to a supply zone. Currently seeing it trying to retrace and hold current demand level. I think it will bounce around still but still head lower to price target of 125. I will watch for potential good short entry today. Note: my primary area to enter a position is to build a long position down in the demand zone...

PT_Marche

Still targeting 240 level to watch for chance to take a long position. An extended flat A B C has C going beyond the ending point of A. Again, will watch price action in that zone for a position for Wave (C) up!

PT_Marche

Waiting for waves 1 and 2 to form to establish a short entry down to price target 125. I think we can bounce between current supply and demand but ultimately see this dropping back down to large demand prior to gapping up.

PT_Marche

Honestly can’t make up these levels. Stay true to your game plan and put consistency in your favor. Waiting for A B C up for wave 2 of 1 of the larger c wave down for (B). I will be looking for price to enter back between 258 - 260, watch price action, then enter a short position with a first target price of $245.