SPY 4 hr chart provided bearish outside bar . 1:2 RR target is gap fill with .78 retraction
short term calls on SPY 410 retest coming before wedge break held at POC very well. ITM 10 days out. GLA
I’ve shared a chart where it highlights volume profile YTD, a possible pop to 414 is still in the mix but looks like juicy place for PUTs. GLA
SPY Short entry from current level staggered to 414. Volume profile and VWAP YTD show this is a key level. Bearish Order block with a very nice drop to bullish order block under 380. All options are ITM and 1-2 months out. Stay safe and Trade Dangerous.
YTD VWAP and VP show 410-414 range incoming before pullback. Momentum is bullish, 5/20 SMA is bullish, once it crosses bearish 400 retest coming. Fail there and 370’s likely again.
perfect Short entry coming. lose VWAP YTD and key Fib. let the rest do its job
Bearish Symmetrical triangle on the Daily once it closes below 143, i will load Long term Puts on this. Looking for 117 PT before any rally from there. GLA
Weekly Gravestone doji forming on SPY this week, as we have seen during each previous bear market rallies. High pumps with less than 40-50% of normal volume each day. two more days in market for the week, lets see how this goes.
Denied by key level on daily chart. Anticipating a very generous drop from this level. PT 1 in the 150's second in the 130's
Current unusual pop looks like the unusual move we had in September. Perhaps same fractal move, could the fall be replicated as well? The drop would help breakdown the bearish flag its been building. Time will tell. GLA
Close under 139 and 113 is next PT. Fibs telling a beautiful story on higher timeframes.
TSLA fails to close above 213 on the weekly and 167 becomes next target
Daily RSI above 70, great entry for Puts/Short position. Weekly shows its playing out a bearish symmetrical triangle.
Trading in same range from June 2022 before its run to low 400’s, considering current economic climate, likely bounces in this same range with a slight pop to 390s-405 zone before next leg down. Holding calls for this week ITM for next month, will stagger out and begin to stagger in calls from 385-390’s Once denied at 400 as support.
Using Fib extension, SPY looks to be pushing for that 402.78 zone before any pullback. Seeing some Hidden Bearish divergence on the daily Stochastic MFI still bullish but entering Overbought Territory. the Monthly 20 EMA is sitting right at that mark as well. AMEX:SPY
Looking for call entry at 350-357 for brief rally to 370's before loading more puts to sub 350 for upcoming fed meeting . GLA
Weekly chart shows a beautiful HS pattern. loading a few puts otm next week on this play.
Currently starting downtrend to retest support at 385 level. if it holds expect a retest of resistance at 400. lose support there and back to 370's . Using a TSI strategy on the play. GLA