Still inside week but the trigger to the upside is at 78.24, target 79.24. Gap is at 83.63. Keep in mind that this is also the outside quarter trigger. There is only one month of "quarter" left, but a santa rally could push it. Also we see the big inverse h/s on the day. There is no strat actionable signal for a put unless on the 1 hour.
Qcom dropped hard and with market conditions, AMD is looking like a 3-2d on the day. Needs to break 58 (also the bottom of the BF) but again we are right back in the chop zone. We have also triggered the outside week under 59.69, with a target of 56.67. If it can act right with a nice red day tomorrow, it can break that range. 1 hour correction may be needed first.
NOW earnings boosted this after hours. It's in an interesting spot. $60 was the level to beat. It held it for the most part. If it can stay above and trigger the 2-1-2u tomorrow, it can be a good play. It really needs to break 62 with some force since that BF is sitting right there. Then can target the 64. Breaking that will flip the month/qtr green and can target...
Cost could finish the 1-2-2u on the week. Atr can move it close to the target, keeping in mind that broadening formation. Depends on what tomorrow looks like. If not, inside 4hr can be an early move for the 1-2-2d rev strat on the day.
I love being able to trade this level by level during crazy markets. Almost had a double outside day today. Now a 3-2 on the day and 4 hour. Will we expand this bf, get stuck in this range, or drop? We DID close above the weekly trigger but tomorrow may decide if it can keep the momentum for the weekly upside target. This can be played either way. If it reverses,...
Ok biotech..you look like you want to finally break this range. Either way, once it gets out, the move should be nice. TFC is green so I would lean more towards bullish along with market conditions.
I like SBUX because it's cheap lol. The key here is to get several contracts. It's especially juicy on a Friday if it moves as contracts are even cheaper. 3-2 setup on the day. Can be a continuation or reversal. Levels marked both ways but I'm mostly bullish. TFC is green however the 2d reversal on the week could change that. I drew one downtrend bf to see if it...
We talked about this on the weekend shift and it took off after, LOL. It reversed on the day finally. Time to trigger the weekly and monthly? On watch
2d2u on the week and making it to the target will trigger the 50% rule on the month. This may be a nice swing if it can hold and keep pushing.
I do NOT play earnings. IF I do, I look for a sympathy play. I just want to show yall and note that Apple is in an interesting place. Look at the last time we hit a low/bf bottom, then printed this type of candle. HUGE run after. Repeat? Earnings will tell. But if the pattern repeats, GO LONG!!!
Spy dropped below the trigger for the 2u2d on the month ah. Will have to see what it looks like at open. If it opens below 415, it can definitely see the bottom of the bf which is about 410 by Friday. That 410 target is also the target for the monthly. I always say "may" because I'm prepared either way, no matter the initial bias.
Another one! If we don't reject here at the trigger, I would expect a continuation upward. This week or next week to be safer. Target turns the month green to follow the day and shorter time frame continuities.
Looking for a push to 130.37 for the outside week. Needs to hold 125 to stay in force. I like next week, of course.
Outside week triggered! #sss50percentrule. $56.16 pt if it holds. I like next week's contract for this swing.
Might find some resistance at the daily targets, but this is a good swing to 36.88. I like next week contracts if it stays in force. #thestrat #uber
This is worth the watch for me either way. CVS is at an interesting place. On the monthly, it did the 3-1-2 rev strat, then it reversed back up and triggered the 50% outside month. Then it rejected again. Ftfc is a bit mixed. Inside day and 3-2 4hr so it could go either way. For perspective on a ftfc thought process, a 2d on the week would push ftfc fully red on...
IF it happens, it would be lovely. This 3-2-2d on the week can push it through the monthly outside trigger. I can foresee it bouncing there at that trigger before it continues down. Definitely need a few weeks on the contract. Even though the week was just barely green, the 2d week puts us back into FTFC.
We bounced off it last week and I am pretty sure we are headed back there. The trigger for the 50% on the month is also around our weekly trigger for a 3-2-2d. 4/29 $74 contracts have 3800 volume .