As of today, these are options premiums in SPY with strikes and direction. Anticipating a 50-100point pullback in 1st week of Jan, followed by a massive bull run into March End or April 1st week. Targets are 4300-4310 and 4600-4610 based on fibs. Later is not impossible but lesser probability. All my longs from stocks are valid until these targets. Once 4300 is...
Immediate Supports- Weekly pivot 353.50 Daily Support 350 Daily Pivot Cup handle support- 337.50 Buy signal until TL is intact or stop hits. Recommended recently by motley fool as well. TG Upper fibs... Daily candles making bull flag pattern, started adding some march calls. i would add 2x position at TL or Cup handle support- 337.50, ... All stops below TL /...
FSLR has broke out the cup handle formation and now testing the breakout area... long 95-102 zone... stop 90 below daily candle... Dont forget... Stop is your friend... TG upper fibs...
NFLX is in daily consolidation. Keep adding at supports...Above 535 we may not get another chance.. I already have March Calls...