The -5% region (dip) and -10% region (correction), align well with recent low volume nodes on the Daily ES volume chat.
In days previous, the 4678 to 4682 area was thinly traded on the way up, creating Low Volume Node (LVN). After today's action, we can see that the price is resting just above today's HVN around 4680. Regions that transition from an LVN to an HVN, tend to become good support and a potential place to enter a long.
Potential earnings play, online services have done extremely well in the previous quarter. Upwork might be set to retest ATH and is currently forming the start of a cup and handle patter. Cut loss below 43
We've had a great run this past two weeks. I'm starting to turn bearish from a technical standpoint, and an expectation that profits taking from this run is on the horizon.
Bullish Long Term Call Option Flow - pbs.twimg.com Steel Shortages About to break critical resistance, January Highs Now above 8/21 EMA Recovery play Hard to put a cut loss on this because the support is so far down. Excellent support at 16.
Rationale Immensely Bullish Call Flow Just left a huge supply zone 80% institutional ownership, many of which bought in the 40s Fresh uptrend on the EMAs Recent correction seems to have stablized
Rationale Strong long term name ARKK bought heavily at this price. Strong long dated August/May options flow Flagging on 10 minute Reversal Signals on the hourly
Rationale GM has seen heavy call flow over the past two days. Bull flags have been forming on both the 10 minute and daily chart Strong relative strength these past 2 weeks. Potential to break monthly high price.
Rationale Earnings event coming up, potential upwards pressure Bullish flag on the 10 minute New active sequence Bullish Option Flow Targets at volume shelves General market has stablized
Amazing relative strength these past weeks. Great 04/16 OTM options flow towards $60. pbs.twimg.com Equity block as well. pbs.twimg.com Still flagging on the daily. Looking like we'll see the next leg up soon.
Currently coiling around the 21 D EMA, $8 volume shelf. My medium term thesis that EV and related tickers are getting ready for a short term rally, is further supported by the price action in solo.
XPEV is looking great for a swing entry. Sitting on the 46 volume shelf, low volume consolidation. Options open interest is bullish.
The market is now sitting at the top of the channel we've been trading since the $TSLA inclusion. $SPX $SPY $ES That's a 6% run since the events surrounding $GME. Any higher and we're in euphoria land. I'm expecting a correction to 3900, or a fast visit to 4000 with an elevator down.
This ticker is looking like it is setting up for a leg higher at some point, acting similar to LAZR. Currently sitting on the 23 volume shelf. Coiling quite nicely. Lower volume over the past few weeks. Lidar sector seems to be very quiet right now. Flag forming
That's a massive volume shelf at 23. Keeping an eye on this. This ticker doesn't have options.
BLNK is currently sitting at the bottom of a range, similar to most other EV stocks. Resting on the 21D EMA and ontop a very large volume shelf at 51.
AMD is a great company, with one of the most frustrating stocks i've ever traded. If you're looking for a chance to trade AMD 100, things are looking up. Recent earnings test of $100 Fueling up on the $92 volume shelf for a push upwards Demand driven shortages in the chip industry Uptrend above the 21 day EMA
AMZN doesn't like to move very far very quickly. While I do believe we'll see the next leg up in AMZN this year, it's hard to tell when or what catalyst will drive it. In the mean time, we know there's historically been ton of buyers at 3200, which makes it a great possible place to start a position.