SmartFlip

SmartFlip

Very unlikely Bearish trend breaks and turns bullish, Especially since we have followed the upper trendline since FEB , Keep it simple and lets see what happens!

SmartFlip

Reviewing the 2hr timeframe on Spy a pattern emerged of key Pivot points, if you look closely the areas highlighted with a Arrow all are key Support/ Resistance levels, where we pivot, I beleive we happen to be at one right now. If we go back to test our highs and reject once again this will be a stronger indication of reversal for me, Only if we gain that steam...

SmartFlip

Today I am seeing a strong barrier around 413.95, on the shorter time frames we see a direct rejection at this level, Price action is weakened today as well a secondary indication of a good short entry. Above 413.90 we are bullish so expect a new high / a double top. Direct rejection at these levels can bring us down to 405 area, specifically below 410 . Goodluck...

SmartFlip

Looking at the spy it seems like we will attempt to hit our next major support around 415.70-416 area , I am watching 420/419 area to confirm that next move. Bears are in full control up until 424 area, keep that in mind. Remember we are definitely in a chop zone . We could easily bounce up and break vwap and come back down, I dont reccomend playing april 27th,...

SmartFlip Updated 

Spy Is looking like it is ready to start heading down, our first meaningful level is 444.19 Crossing this and closing below will put the bears back in control, Today I noticed a lot of chopping around the 445/446 area , Is someone getting ready to drop a bag? or two? Remember our trendline has been touched 3 times now, I think the rejections around 447 today...

SmartFlip Updated 

Spy has made 3 Impulse bounces , failed to cross the 0 line on mac D each time. these bounces dont seem anything out of the ordinary. No reason to panic! Rolled Spy puts way out just to be safe, Watch for a break above 445 and a break below 441, I am long on these positions but the 30 M timeframe definetly shed some light on the past few days in the market Just...

SmartFlip Updated 

SQ has had a nice run up prior to this short POS i put on just today, I am watching 130 area specifically. We could see a potential large move down, Chart is not in depth just a quick idea for those surfing Tradingview right now! Goodluck, as always not financial advice my opinion!

SmartFlip Updated 

$SPY is forming a beautiful H/S on the 1 Week chart, Levels to watch for? 450.64 + 446.08 these are short term levels I am interested in watching, a break above 453.72 will just persuade me to add to my short position on $SPY We all get very caught up using the smaller time frames, sometimes it gets me thinking where is this thing really headed? Truth be told, no...

SmartFlip Updated 

I have listed two possible scenarios based off the 30 minute chart going into EOW, I feel we have a higher probability to continue down as the market has moved 2 Standard deviations up prior to today. as always, we never know what will come next, this is just my opinion in orange i have my unlikely bull scenario in black we have our more likely bearish scenario ,...

SmartFlip Updated 

Chip shortages, all that fun stuff, still AMD seems to be a good short candidate IMO will close out my POS above 117 if we start to move higher, 30 min time frame shows AMD fighting POC, MAC D trying to cross below 0 line. Will give this more time to play out goodluck traders as always , not financial advice my opinion!

SmartFlip Updated 

Price targets included, I am not a financial advisor, nor do I bear any responsibility of decisions made using the following information. this is my opinion only . CRM Salesforce has been sitting around 215-220 for some time now, I am looking for a entry in tomorrows next session for options strictly, I will be going long on calls around each price target as well...