Over the years spy has traded between two trend lines that have formed a rising wedge. There's a possibility in the coming months to years we break the bottom support line and fall significantly. However, this is an observation from the 2 week time frame of the Spy chart. I'm currently short on spy until the bottom trend line near $295 to $300 is reached. We can...
Currently AMD has formed a ascending triangle which can be seen by the higher highs and rejection around $69 in the 4hr, 1hr and 20 min time frames. Over all AMD's primary formation is a descending channel which is seen in the daily chart to the top right. We are nearing our lower trend line in the daily time frame so I am expecting a bounce if we reach the...
AMD Retested its previous Broadening Formation in the 1hr time frame we're SHORTTT!!! WITH $64 and $65 puts for 10/14/2022
NVDA has formed a descending channel on the daily time frame with a target of $120. There is currently a resistance at $135 and support around $128 once $128 is broken we will fall lower where I expect a bounce at $120. Play: Short if there's a break of $128.91 or a retest at $135 ;)
Apple it's resistance at $170 holding puts 1 week out target price $165
My play is as follows for the current ascending channel PBR has formed. 1. Puts at red trend line. 2. Calls at green trend line. 3. Puts once $16 is hit which is acting as the currently daily resistance
AMD rejected off the top of it's descending channel and should see further downside. Currently holding $90 puts target price $65 1-2 month swings
AMD has broken its support line and as a gap to fill to the downside which is our lower trend line of our descending channel. If we close below $71.60 down we go :) loaded up on October puts. HOWEVER, IF WE CLOSE ABOVE $71.60 WE MAY BOUNCE UPWARD!!!
QQQ is getting ready to retest its major support at $269.28 if we break below this point I see further downside. QQQ has formed a descending channel and has a target region of $225-$230 I'm currently looking into puts that are 30 days out and puts that are 60 days for swings once $269.28 is broken. IF AND ONLY IF $269.28 is broken $265 puts 30 to day 60...
Spy has ample downside with it's current descending channel and is now targeting its lower trend line Spy has potential to have a possible bounce at $390 After a break below $390 Spy will continue to fall Current play Spy puts 45 days out shorting pull backs
AMD is playing out as expected. I see further downside however, we need to close below $79.44. I secured some profits for my 9/2 puts for $90 strike price. My entry was 1.42 per contract sold for 8.45 per contract for a 595% gain (These contracts are still moving deeper into the money their worth over 700% now) . Still swinging 9/23 $85 puts entry was 3.10 per...
Netflix has gaped down and broken two areas of support and has it's next major support in the $120-$130 region which is labeled in green. Netflix has also formed a descending broadening wedge in the daily time frame and as rejected from its upper trend line. Current play strike $210 puts Expiring 10/21
CAH is approaching a major resistance at $75 and is getting ready for a short opportunity. Play once $75-$76 region is reached $73 puts 3 weeks out
Since the last post AMD has continued to drop to our lower trend line of it's current descending channel. With a current target price of $65 with puts dated for Sep 23th and October. Puts currently up over 300%