Seems like blowoff top is guaranteed with NVDA doing the honors. Trend line break and hold would be extremely bearish. Maybe Fed/NVDA can save, but if they don't come thru by end of week up trend broken in my book. Looking for SPY to reject/correct 10% from these levels, looking for SPY 450s March/April...
Someone mentioned to post the next NVDA short IDEA, SO HERE IT IS... DOUBLE TOP , Needs to retest 600, and 500 within next 3 months for healthy up, reminds me of TSLA 2020 so much, get ready for the SPLIT! ;)
Feels like mirrored price action from yesterday just a leg/gap lower. Expecting the same type of gap down tomorrow. 10x 470P 1/19 SPY Notice the end of day strength... Arnold says "Get out" -Proffesseas 349pm
TSLA seems to be forming a HEAD n SHOULDERS top... (yes it is a bit scuffed with a cup and handle reversal breakdown on the neckline) But if the NeckLine breaks n holds, could get ugly fast. No positions yet. Will update if I do, looking for serious flush or bounce... I place my swings at end of days between 350-4pm, stay tuned...
Markets looked strong today across the board, especially tech. TSLA seemed a bit laggard until final hours. Made it to close JUST above the resistance line charted. NASDAQ seems bullflagging in futures. I think markets have some more juice before Jan 20 I go protect mode. TSLA 250C 1/19 HAVE JUICE. TSLA loves strength during first hour of trading. Will leg out...
This Diamond looks pretty solid for a TSLA bottom... 250 also a "Critical Level" Broken, Livermore big fan of these levels. Just look at AVGO break of 1000 run to 1100... Again TSLA 1/19/24 250C , Posted 12/1 at $10.50 a contract.
A clear broadening formation after GFC. What I find most interesting rn is the bounce has formed a rising wedge... aka bounce is not nearly as strong as it should be. WARNING; BAC BLACKSWAN 2024 POTENTIAL I think due to the name Bank of America, the size, and the sector, this would/could be a Silicon Valley Bank x Lehman Bros event if this formations support...
Bull Pennant on 5 min Clear As Day... 195C 12/15 @ 1.67 1/19 @ 4.45 PAMP IT - Bog
Usually a bounce like this on a name like this means more to come... "Pennant + Channel" ... I Like Crayon's and the Stock! Proffesseas Xmas Play TSLA 250C 1/19/2024 Average cost $10.50 TSLA breakeven price $260.50 Contracts +1 Date bought 12/1
After a classic sell the news earning shake out, NVDA looks to have consolidated nicely under 500 Psych Level. Falling Wedge is Bullish, Sellers running out of gas... Got the pop higher in PM up $5 from 478-483... This can easily take us back to 500, FAST. And without Earnings in the way, I think the real 500 Break out is coming. Target 600 1/19/2024. Interesante...