usually never trade the first 15-30min of market open till it breathes and relaxes if things keep positive 338-339 possible today
all depends on debate this week selling calls on SPY and QQQ to hedge my portfolio
keep an eye on both 11,000 & tech level @10,880 This range is dangerous and could swing to both ways (im inclined to downside)
surpassed wave 5 target of 21.80/21.90s meaning 22.30/22.40s is the next up target Needs to hold above 21.95 to continue upward bias EYES ON 22.14!!!
orange arrow is the update of next move (yellow was yesterdays)
possible small retrace to (expected) 21.63 before going higher to 21.80s to complete possible wave 5 careful if it falls below that level, View---> 21.80s/21.90s
completing retracement, time to close shorts and start looking for next clue about possible upward movement to 21.80 break below 21.33 opens up next target to 21.23 (not gonna ride that)
expecting a small bounce after, next target 1.165 for the short term, revisiting after Invalidation marked at graph if we bounce higher than 1.178
simple Elliotwave count after a butt bottom reveral confirmation Possible to see additional upside to 21.65s, strenght above that level then count is invalidated and needs redoing (higher target for waves!) after a small continuation on the upside, expecting a reversal up to 21.35, most probable in the range of 21.43-21.47 before continuing to wave 5 to final...
almost hitting target for bearflag (more space to run on nasdaq) but still, if markets keep falling, SP500 will search for around 310-315 next Setting first set of profits @320 & next set of profits at around 310 / 315 depending on strenght Stops moving from 335 to 327 (stop loss lets me out with profit) Now we wait next levels & confirmations :)
target profit 10200 (optimal for bearflag) Fib around 10220 gives double check! Still taking profits at 10500 & 10300 is my plan to follow Moving my stop from 11000 & 10900 to 10820 (all here)
an eye open for these key levels, confirmation on break is a signal for me to go short
waiting for confirmation, 333 breaks opens up 313 & 300 Could bounce too, so be prepared and wait for confirmations either way :)
small term possible reaction, falling below 20.97 invalidates
Expecting a possible test downwards close to gapzone, accumulating position in these levels up to 497 under that is red flag and stop loss start coming Expecting 543 & 563 over the next weeks Again.. being careful with gapfill & possible zigzag with no movement to either side
Doing NVDA next But AMD if it holds above 78.7 looks like we see 81.6 & 83 next! As for all of my posts --> look for strength and confirmation