AAPL right now sitting at resistance level and if tomorrow on pre-market AAPL break 150 we seeing 156 for sure, If not then will be creating new lows as we are in downtrend. Plus, AAPL is way overbought (short term) right now possibilty of rejection tommorow but can say before the market open more likely to watch where the volume is taking will just follow if...
GAMEPLAN FOR MAY 25,2022 If the spy breaks 400 resistance, we can see a 410 level, but if it gets rejection, an ascending triangle (uptrend) fails as well, and we see a 380 level. Overall, I'm still bearish here on each resistance. It's great to take a short opportunity, and when it starts curling, close it out. We might see 380. There can be a possibility if,...
TODAY SPY HELD BETTER THAN NASDAQ. Spy is on an uptrend with ascending triangle but can be a possibility of rejection on resistance (398). If SPY gets rejection on resistance, spy sees 380 level again as main support for now. Two scenarios for tomorrow's game plan: 1st- If rejection on resistance and uptrend breaks, the spy will mostly fall back to the 380...
GAMEPLAN FOR FRIDAY, MAY 20,2022 Today was just a sideways trend. If the light uptrend breaks, tomorrow's market is seeing new lows. Keep in mind if you are an options trader, don't try to hold anything. Just scalp and swing them/ Market makers are doing their best to decrease the premium by trading the market sideways. A break above 396 is bullish, and a...
Today we saw a massive sell-off from all the sectors because of what Powell said yesterday. Powell mentioned in the interview yesterday that they "will continue raising rates until we see Inflation coming down." which is why investors showed a sell-off today. Now looking at the charts. There can be two possibilities tomorrow. The first one is that there can...
The Main level to consider is to watch if a spy can break the 410, then probably spy seeing 413-415 levels. Then shorting is a good idea from that level. Overall today, Powell said, "will continue raising rates until we see Inflation coming down."
Gameplan for May 17, 2022 Spy did hit resistance and support all day with a small ascending triangle in mid-session, then got rejected on resistance. At the end of the session, the spy broke the uptrend line but still needs support to break so we can short it. We will see what happens tomorrow. For now, observe, and there can be two scenarios because when...
GAME PLAN FOR MAY 16,2022 Spy's significant resistance level, for now, is 403.50. Make sure to observe the market from 7:00 am till 9:45 am EST. There are two scenarios for now. The first scenario is that if the resistance level gets destroyed, wait for the candle wick to come back at the resistance area from that point to go long to 410 -415 level. The second...
Game Plan for May 13, 2022 Make sure to observe the 392.50 area as spy resistance for now. If that resistance breaks, we must wait and have patience, then go long and never chase. Overall, spy daily RSI at 30. Significant consideration note to take. But still, plenty of room to go down as RSI is calculated and first, down to 30 can be a fakeout, then 50, fall...
Today Apple broke the support level of 150 level which was the main reason spy went from 403 to 392. Bounce back to the 398 area, which is spy resistance. Make sure to observe pre-market we can hit 398 there and then back to 390 level. Significant support at 392. I am going to short from resistance tomorrow. If we see a sell-off in pre-market, then I will observe...
SPY is trying hard to go up as it bounces back from the support and has seen the 405 level twice. This area should be considered in high demand for now. Looking at the futures right now, they are already down -0.50%. Two more things to consider: 1. MACD is trying to cool off as well with RSI. 2. If we see a bounce back from here and break the downtrend, we...
Today, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow. Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again. Scenario 2- We might see a sideway...
Yesterday's game plan went fantastic. We are officially in an uptrend (short term) minor correction of a downtrend. We can see a dip at the opening as it needs to cool off for the next leg up. Drips I'm looking at, the levels are 425.66-425.95; if this one slides, then will see 421.78- 422.56. Volume was there, and we saw a massive rally at the end of the day....
Spy is trying for a breakout but needs conformation above 419, then straight to 422.5, then back to 419 to restest the uptrend. If 419 fails to break spy will be drawn back to 411 level or lower. Make sure to trade carefully tomorrow as there is an FOMC statement at 2 pm EST. (www.marketwatch.com)
Spy game plan for tomorrow. Overall we are still on a downtrend, but we saw a massive rally at the end of the day with the enormous volume in which it broke the downtrend for minor correction. WE CAN SEE AN UPTREND CONTINUATION TOMORROW OR SIDEWAYS ACTION. Make sure to look at the support of 409 central if we hit this, and we might see sideway action then...
Spy game plan for May 2, 2022 I have outlined support and resistance, which you can see on the rectangle, but overall, we are on a downtrend in which we saw a massive sell-off on April 29, 2022. Looking at the chart, I will state two scenarios that I think we might see tomorrow. Scenarios: 1- 405-406 is possible tomorrow with a fake pump, then downward...
Spy is trading sideways but with little upward trends as it makes asymmetrical triangles in 15 min timeframe. Above 424 calls our resistance for now, and if it breaks the uptrend line, spy going to 415 tomorrow.
AMD thesis for this week's play. I play options, and looking at overall open interest and volume (April 14, 2022), it has the highest number among all contracts.