Steversteves

Steversteves

Its been a while since I have done an educational post. And usually, going into new years, I tend to talk about sentiment changes and how no two years are the same. So, I thought I would do a bit of a project. I have been a day trader since 2018 (and not profitable for a big chunk of that time haha) and I always notice some slight sentiment and behaviour changes...

Steversteves Updated 

I didn't post a weekly idea on NVDA because there was no clear setup. Don't get too excited, there still isn't :-P. For the last little while we have been confined in this wedge pattern. It actually broke down from the lower trend line today quite susbtanitally but we ended the day reclaiming it. We will go to the top of the range most likely in the 920s. I...

Steversteves Updated 

Tricky week ahead with FOMC. So I decided to post both the ARIMA plot and the generic forecasting plot that I use. ARIMA has us staying below the wedge breakdown that we did on Friday: The 80% confidence level on ARIMA (meaning 80% of closes are likely to fall below that level) is straddling that wedge. To break back over the wedge we would need to go into...

Steversteves Updated 

Going into next week, we could see continued pullback down to the bottom of the wedge. Its unlikely to break below and unlikely to hit PL1 because PL1 rests below the wedge. But it is possible. Bias is still up, the wedge will break eventually, either up or down, but I wouldn't hold out hopes for a great short into next week. Be cautious of course, but the...

Steversteves Updated 

NVDA tanked on Friday and continued to tank after hours to the projected low targets for next week. The HA setup shows that we should test below 852. Likely open gapped down. I wouldn't short. As of now we will be opening already in the weekly short targets and if we gap down it will probably open below. Immediate anticipation into Monday is a wick below 852,...

Steversteves Updated 

Hey everyone, Sorry I didn't get around to posting over the weekend. So my initial assertion was we would pullback into this week; however, there was a 2 hour bullish HA setup that ended off the week: So we were able to take that target out yesterday and then once that happened we starkly pulled back. Right now SPY is just hanging on the bearish condition on...

Steversteves Updated 

Going to write an idea but it will be brief; Same setup as last time with a break below the next week threshold. We also see that its rejected the wedge. So PL1 is the immediate target and maybe a bit steeper. But maybe not. It does seem to really want to break out of this wedge so it may go running at it again. Look for bounce/ support at PL1 if we get there...

12:38

Steversteves Updated 

Haven't posted a video idea in a hot minute. And have been kind of neglecting posts on Tradingview haha, so here you go! I will follow with some written ideas on the popular stocks (i.e. NVDA and SPY) but just wanted to do a rambly video explaining my thought process on my top watches of the week! Safe trades and enjoy the rest if your long weekend!

Steversteves Updated 

Another bullish Heikin ashi setup on the hourly, as with last week. So not counting on any massive gap down or selling on Monday. If we do somehow manage to see some selling into Monday and gap towards those low targets that would be an ideal long entry. NVDA may be a bit choppy next week. Its over all major targets and has not seen any pullback. Though the...

Steversteves Updated 

Hey everyone, Didn't post an idea on SPY this week because didn't really know what to expect and didn't see the point. Now we have a definitive, long term setup. SPY is on track to hit its annual high targets, with 3 consecutive daily closes above the bullish conditional on the annual levels. Initial TP is 513. Very fast considering we are month 2. Who knows...

Steversteves Updated 

May see a flash crash into Monday open, but the setup is still bullish, (I mean is there any other direction?) lol. Heikin ashi setup supports up movement, but the over-extension and broader market setup supports initial pullback. For NVDA that generally means an exaggerated panic sell followed by consolidation and bolting back up. Its unlikely to just continue...

13:12

Steversteves

In a previous video, I explained my share trading strategy, specifically for choppy markets (available here): But many of you have asked about when I decide to take options over shares and what setups do I look for. This video covers my own option rules and setup guidelines. Key points from the video: Always wait for re-tests of support and resistance....

Steversteves Updated 

AAPL has really been a non-mover. Not one that I like to play anymore because its all over the map. But I figured I would post some levels for it. We fell below the bearish condition in after hours, I kind f expect the broader market to open on a bit of a gap down on Monday so if that is indeed the case we may see AAPL open fairly close to its lower targets....

Steversteves Updated 

Bearish Heikin ashi setup here putting the pullback target as a move to the low range box. From there, likely just a buy the dip sitch again. Of course watch the conditionals, because with the lunacy of the current bull market, bearish HA setups have frequently failed, let the threshold dictate your move, but just from the HA setup we really should see it...

Steversteves Updated 

So, SPY has reached the first target on the 3 month and its inches from snagging that 495 high prob. Great for me because I have been patiently long awaiting this exact position, and now we are inches from profit taking. Bad because, if we remove it, there are, currently, no bullish high probs to give us that high confidence of upside. So what will happen? I...

Steversteves Updated 

BA took a tumble on some bad news, but it looks like its almost ready to rebound here. Bigger picture: Watch the threshold breaks here, just in case the selling isn't done, from the chart it looks like the selling is pretty much done, but BA can be a tricky one, so it is important to watch for confirmation. And those are pretty much my thoughts on BA! I...

Steversteves Updated 

So NVDA is in a bull pennant here. I am watching for a break up or down. A break up would also lead to a break out of the bullish condtion and signifiy a move to the upside. A break down would do the inverse. This is a pretty straight forward ish setup. Just watch for the break, if you want to be extra sure of confirmation wait for at least 3, 30 minute or 1...

13:24

Steversteves

This video explains how to use the futures and index RPPI indicator. The indicator is available here: As always, leave your questions and suggestions below or on the indicator page! Safe trades!