thealecbellamy

thealecbellamy

If Verizon can close over the long term trend line, there’s a chance we could see the first blue line target next week. Good looking green cloud support forming on the right. Fairly positive earnings today could give the stock the boost it needs. Good volume this AM. Playing the 58$ calls into next week. Good luck if you play!

thealecbellamy

Failed Breakout? Building momentum to eventually break out? Not sure but back in the wedge, combined with the resistance the S&P500 just broke (island reversal from recent times negated), it’s looking like some gaps will be filled downwards. Still looking for 23-25 for a bounce.

thealecbellamy

Moved though red cloud on the 1hr and 2hr - currently stuck in 3hr chop (in the cloud). When it escapes, look to first pink resistance above with green cloud support on right. We will see how 4hr and Daily react... Playing 90$ weekly calls. Good luck if you play!

thealecbellamy

Backtest completed - will be looking to add calls depending on market outlook. Blue line was first target, we will need to reclaim that and shoot for red line as second target. Good luck!!

thealecbellamy

Broke out of smaller time frame channel and just completed back test. Let’s see if this can hold. Blue line first target, red line second target. White lines are supply and demand levels - trade wisely! Good luck!

thealecbellamy

Earnings beat this morning. First target reached. Added green additional resistance before second red line target in near future. Broke out of 2-3 month consolidation. Look for the 4hr and day time frames to hold the channel breakout as well. Good luck to all!!

thealecbellamy

The S&P500 closed above green cloud support on right and is still within the channel. Two positive weeks after supporting at the bottom, so far so good. Blue line first target, red line second target. Good luck!!

thealecbellamy

Bottom of channel hit. Blue line is first target, red line second target. Good luck!

thealecbellamy

Channel breakout in progress. Will need a second candle to confirm but this is a good step. First target blue line, second target red line. Trim where necessary to reduce risk. Good luck!!

thealecbellamy

Last few candles have been playing with the channel breakdown. This reminds me of a week or so ago when we got saved around 307-309. Since then we’ve just been riding the ridge. Will we get a bounce to the middle of the channel and revisit the island reversal in the SPY? Or will we breakdown... Let’s see

thealecbellamy

Target for the end of the range marked. Looking for a bounce around 23-25 area. Once the wedge breaks, confirm the back test, then I’d short the market. Not until then though.

thealecbellamy

Today’s close put us back in the main channel, completing the false breakdown. Look for upward movement at least for the short term.

thealecbellamy

Looks like we couldn’t hold 307-310 in the SPY. All major ETF’s have now broken their channels created and held since the March crash. Many stocks are following suit. These are my potential buy and sell zones. Don’t forget to take profit. Good luck!

thealecbellamy

Futures will determine whether we break the main channel since the first Covid drop, or if we bounce and continue the channel. Bulls need 307/308 open and then higher, holding until close at least Bears want a 306 and below open, and then hold until close Good luck

thealecbellamy

Trading at bottom of recent range, again with massive buying volume recently. Levels are posted above and below.

thealecbellamy

Recently broke out of descending triangle with MASSIVE institutionalized buying the morning of May 18th. Levels posted with 8.23 being my main target.

thealecbellamy

Descending triangle on the VXX with potential gap to fill below. Levels are marked.

thealecbellamy

Alerted for volume on TLRY, approaching big resistance with room above and forming right hand side green cloud support for a move up. In 20, 20$ calls for end of June - good luck if you play!