Steversteves

Steversteves Updated 

NVDA has been extremely rangey. It has been operating within a larger bearish setup; however, my suspicion is that it soon should be invalidated because, in my opinion, no market top as of yet. NVDA has been in this uptrend channel for some time, more of a wedge I guess you could say: We ended the week right on support and within the next week bull/bear...

Steversteves

I have been very lacking in producing educational content. I know a lot of you follow for my analysis, some others for my indicators and some others for my educational content. While I have been getting back in the groove of posting for the later 2, I have neglected those interested in educational content. So voila, here we are with an educational post! In this...

Steversteves

SMCI has a really solid bullish Heikin Ashi setup on the monthly. The sell it saw set it up pretty well. Its looking like it should technically break its ATH in the coming months. Not a short term idea. Safe trades!

Steversteves

If you are into longer term plays, check this one out. TPs based on forecast results. We have a breakout with bull flag signaling continuation. Heikin ashi setup agrees up. Biggest concern is Z-Score resistance around 3.21 but as this accumulates it should push that target up. Looking for 3.75 as the first target to look for. Safe trades!

Steversteves Updated 

Last week I just did a longer timeframe update. I am going to continue with the larger timeframe as the focus but will also give the shorter timeframe levels for next week. You can see we've just chilled below the 3 month threshold for far too long. It's 504 on the horizon, that's for sure. We will likely snag a bit lower, because I didn't realize there was...

Steversteves Updated 

Seems like its going to be a short. HA setup for a move to 500 inclusive of extended hours, with an equal bearish setup to 501 with extended hours toggled off. Interestingly enough 500 is also PL2 on the prospective levels (in the chart above). Sentiment for Monday is neutral to bearish. I have included some old tricks and models since this past week relying on...

Steversteves Updated 

I don't often post BTCUSD outlooks, I usually keep them to myself but I figured I would shake things up this week. This is my 3 month outlook on BTCUSD. Green is what I deem as the most likely, purple is the alternative. Green is the most likely to me just because of the broader market outlook and BTCUSD's strong relationship to NDX and SPX over the past 75...

Steversteves Updated 

Oh NVDA, NVDA and its tricks. What a disaster stock, but I still trade it daily. Let's go over what to expect next week: There is an immediate setup on the chart for a bullish continuation up. However, its minor and just saying that we will snag up to 883: That is with extended hours turned off. Extended hours really just makes a mess out of things based on...

Steversteves Updated 

Hey everyone, Wasn't going to post actually, despite promising haha. The chart is very unclear, there are no HA indications of direction and I am not a strong believer in trendlines (Which is why I completely ignored the major trendline in my last week idea when i said SPY was going to 504, had I cared about it, I would have been bullish, so you see the problems...

Steversteves Updated 

And finally, NVDA. Setup is beraish on the 4 hour, with the immediate point being the yellow line in the chart. We usually overshoot these Heikin ashi setup targets so look to the calculate low targets starting at 849. I was thinking we would fall back down into the gap support and then break below it (the purple box), however, owning to that over-zealous...

Steversteves

I haven't given any updates or ideas on BA, which has, for the longest time, been the stock I stan the most. I tolerated their doors blowing off in flight and their toxic workplace culture, Their Maxjets smashing nose first into the ground killing hundreds. But now that they are uhh.. involved in some darker stuff let's say, it's over. I sold all of my...

Steversteves Updated 

Looking to start a longer-term position with JETS ETF. Currently reclaimed its wedge structure from a TA perspective. Math-wise, I am looking for a mean reversion back up to around the 20$ range. The current mean is 24$. Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an...

Steversteves Updated 

Happy Easter for those who celebrate and happy spring (though that was a while ago, but still snow on and off here in Canada :( ) NVDA has been really tired lately. The setup for Monday is the infamous gap and crap. From there we just need to see it hold the threshold and this wedge line its been straddling for weeks now and we can expect a grindy chop up....

09:04

Steversteves Updated 

As promised, video going over the quarterly outlook for the above mentioned indicies. Let me know if you have any questions! Safe trades and thanks for watching!

Steversteves Updated 

Hey everyone, I'll make it quick because I haven't been paying attention to SPY and don't track it much anymore. So I'll just give you the cliff notes. Gap up is the expectation which seems confirmed looking at ES. If ES can hold this level overnight it seems like we are in good shape. 523.21 ish is the reference target. Ideally we gap above that and then that...

Steversteves

Its been a while since I have done an educational post. And usually, going into new years, I tend to talk about sentiment changes and how no two years are the same. So, I thought I would do a bit of a project. I have been a day trader since 2018 (and not profitable for a big chunk of that time haha) and I always notice some slight sentiment and behaviour changes...

Steversteves Updated 

I didn't post a weekly idea on NVDA because there was no clear setup. Don't get too excited, there still isn't :-P. For the last little while we have been confined in this wedge pattern. It actually broke down from the lower trend line today quite susbtanitally but we ended the day reclaiming it. We will go to the top of the range most likely in the 920s. I...

Steversteves Updated 

Tricky week ahead with FOMC. So I decided to post both the ARIMA plot and the generic forecasting plot that I use. ARIMA has us staying below the wedge breakdown that we did on Friday: The 80% confidence level on ARIMA (meaning 80% of closes are likely to fall below that level) is straddling that wedge. To break back over the wedge we would need to go into...