TrueTraderOfficial

TrueTraderOfficial

This is my main focus heading into Monday. It’s getting to be A+ up here. You can see it did a very similar move back in late November of last year. But if this is a repeat of that, then we would need a gap up Monday morning and that would have to hold up and gap 1 last time on Tuesday. Definitely no guarantees that is what is setting up. But I am definitely...

TrueTraderOfficial

Would be looking for a hard pop into the 20d for a short.

TrueTraderOfficial

Would be looking for a hard pop into the 20d for a short.

TrueTraderOfficial

Would be looking for a hard pop into the 20d for a short.

TrueTraderOfficial

Would be looking for a hard pop into the 20d for a short.

TrueTraderOfficial

This is not a name I want to be early on, but I really think it’s getting close to the spot where I might take a shot. It has a 23pt ATR so from where we are now, that would put us right down into the psychological whole number of 700. You can see the 50d right below that as well as the monthly and annual pivots not much further off in the distance.

TrueTraderOfficial

Would be SUPER excited to get a hard flush down to 25 for scoops.

TrueTraderOfficial

Looking for a flush into the 200d/monthly pivot/quarterly pivot in the 233 area for a high probability spot for a bounce. Added bonus is that level is ALSO the 20sma on the weekly. I will also be starting a swing long down in that area in my longer term account. But will just nibble for now due to the early comments mentioned about the broader market.

TrueTraderOfficial Updated 

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- All I can say is “That is one HELLUVA weekly candle” from last week! Daily on the $ES1! shows we have near-term support at the 20d (4222), the quarterly pivot (4199.25), and the 50d (4186.75). Above, only resistance within sight is the monthly pivot up around 4366. Market looks good...

TrueTraderOfficial

I know this idea has been in the Prep for 3 weeks in a row now, but all 3 weeks it worked out EXACTLY like we wanted. And once again, it’s the same setup. Let it extend to points of extremity first, and then look for weakness or for parabolic extension. First level of interest is that quarterly pivot up there at 65.20. After that I think we’re looking for 70.

TrueTraderOfficial

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- $MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement. But you can see my areas of interest. Areas above price action represent levels where I...

TrueTraderOfficial

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- From almost 52w lows to almost 52w highs in the matter of a few weeks. Pretty extreme if you ask me. But anything is possible in the day and age of the Reddit boards and highly shorted names. Was really surprised to see on Friday that the highest the strike prices went out on the options was...

TrueTraderOfficial

Very defined downtrend here and I still think any pop back into the 20d is a nice spot to look for weakness. If that level doesn’t hold, the same idea can be revisited at the 50d. Both moving averages also have pivots in the same area for added confluence.

TrueTraderOfficial

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog -- After looking at $JMIA, NYSE:BABA should actually look a bit similar. Really just retesting a MAJOR area. Only difference is that this name has made the push higher, breaking out of this really long downtrend. Will it hold? We’ll see. But I think you have to treat the situation as though...

TrueTraderOfficial

NYSE:JMIA STRONG STOCKS LOOKING FOR CONTINUATION From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- There is a very strategic reason for having this name on here. If you look at the NASDAQ:TIGR chart (especially the weekly), you’ll see that it has already made the long setup that I anticipated NASDAQ:TIGR could do. We need to break...

TrueTraderOfficial

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog ---- Copy/Paste thoughts from last week: “The sideways chop continues. Thoughts from last week are the exact same way I feel this week. The best/healthiest look for this thing is for it to base here for a few more weeks AT LEAST, if not for a few months. Will that happen? Who knows? Not my...

TrueTraderOfficial

From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog ---- Nasdaq looks good as ever and we’ve been seeing some tech stocks really start to behave well. I do think we’re a bit extended from the 20d, so the best case scenario for people that are on the sidelines and looking to get long is to wait for a retrace to some support. You might be...