$SPX $AAPL $TSLA $ITB Chart breakdownClosing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course)
SPX less than 3850 (-20%) funds go officially "Bear Market"
3700 Capitulation levels
Less than 3500 massive de leverage , margin-calls , and breakdown
We need one of those "bear market rallies" I keep hearing about ...
7 red weeks in a row, very historical price action, caught a lot of people off guard, including me : )
Puts
$DRI Chart Breaking DownWhale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
QCOM is at the Edge of a CliffQCOM appears to be ready to pull a Wile E. Coyote and run off a cliff.
Not a good look.
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$SPY ready for the relief bounce?$SPY reached its new low for this year as the market extended its losing streak for this month after the fed decision last week meeting. One of the main factors of the sell-off was inflation and shortage of commodities due to back log and covid restrictions. in my personal opinion, i think $SPY will continue to make lower highs or lower lows. Any rips or bounce can be treated as a fake reversal until we go above the 200 or 100 moving average.
Day trade or scalp target play: 05/09/22
Buy call above 405.28 sell at 411.09 or above.
Buy puts below 396.59 sell at 391.45 or below
option open interest: ideal expiration date: (risky) 06/17/22, 7/15/22
Hello everyone,
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
QQQ PutQQQ has been in a downtrend since the start of April along with SPY, BTC, US30. The market is clearly crashing, I believe QQQ will fall to $285 - $293 zone and create a small rally after. Im looking to pick up QQQ $288 Put Expiring 5/13, the current price of the contract is going for about $245-250. Once QQQ hits my zone I will then look to pick up some short term calls.
$ABMD Bear FlagDaily/weekly bear flag intact. Maybe watch for the local highs to be probed then reject.
Per vwaps I expect this to hit $255 sooner than later.
Large volume profile nodes around $300 so quite a range here.
Good luck, alerts are you're friend use them!
IWM back on Radar for Swing TradeDashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower.
Signs that bearish trend continues:
> 20sma (aqua) crosses below 50 (blue)
> 100ma (purple) holds as resistance while 20/50 MA's start turning down
> RSI returns below 50
> daily close below red line with continuation lower
As I write this, price is knocking on 202, which has also been a big level for me on my 30min chart. You can see to the left that price rose steeply, and I think if this channel breaks down then price will go to 188, 180. On the weekly chart price has already turned down from 20MA and is currently sandwiched between 20 and 100 MA's.
SSTK earnings in 5 days | $65 Strike Price PutsIf you haven`t sold the $96 right shoulder bearish chart pattern:
then allow me to tell you about my experience with Shutterstock, Inc. (SSTK) as a contributor:
I am a contributor on Shutterstock from the time they were publicly listed and in the last years they changed the tiers in order to keep more for themselves and give less and less to the contributors. The earnings for contributors are now at the 2015-2016 low, people that i know are not interested to post on Shutterstock anymore.
The picture sales are decreasing massively for contributors and i think that will reflect in the April 26 earnings call.
I will buy some $65 May 20 puts, now at $0.60.
Other rival companies like Pond5 and Adobe Stock gained momentum and are starting to sell equal or better than Shutterstock recently. A lot of contributors that i know moved to those platforms.
My opinion is that the stock will drop to the $66 level and do a dead cat bounce before going to $43, which is a realistic target considering the contributors conditions right now.
TWTR due for correction!!!TWTR nearly approached oversold territory. After the news of Elon Musk considering purchasing more shares of the company following such negative news of a potential hostile take over by his most recent offer. This all caused the company to implement a "poison pill" to prevent a hostile takeover. Which is brilliant. This however will not be enough to keep the ticker running hard on tax day. Tax day historically is a red day. It will take a major catalyst to cause TWTR to continue this run it has. I evaluated the day chart in this example looking over a few puts I played last week for a swing.
All of the indicators such as the MAC D,
The studies used in this study are Chandelier Exit Strategy, Moving Average Convergence Divergence, Moving Averages(2) , and the Relative Strength Index with SMA.
My projection is TWTR open on the down trend in the morning if this chart pattern continues. If the 50 day average crosses over the 200 day moving average TWTR will be bullish again. I am bearish because I believe twitter will sink back to the 30's soon.
On the flip side, TWTR can form a cup and handle chart pattern which can only happen after a correction happens, and the ticker go back to the $50's, yet I believe the momentum will die down on day trades on TWTR.
**This is not financial advise but only a personal observation for my play.
$PFESend $PFE to 175 Billion Dollar Market Cap. No more free government money to hold them up anymore. It's not a matter of IF, its a matter of WHEN. COVID IS GONEE RIGHT??? JUST MAGICALLY DISSAPEARED!!!!??? SO WILL THIS STOCK PRICE!!
June 16, 2023 $30 PUTS Loaded up.
Invalidated over $55. Would re-evaluate at that point.
NVDA 182 PRICE TARGET - BY MARCH 21NVDA should hit a price of 182 on or before March 21st - if this level does not hold, it should continue down near the 160 range.
The Volume and On Balance Volume helps confirm this. As far as patterns go, NVDA seems to be at the top of a strong channel, and has plenty of room to descent.
I will be looking for puts on NVDA in the coming days.
Bank nifty long position Hi Everyone.....
Here are some important levels of #BankNifty
#Banknifty is bullish above the level of 34900-35000, if banknifty break 35000 level and sustain above the level then banknifty's next level is 35500
Today's Trade
1. If banknifty break the levels of 35000 then go for the CE, the target up to 35500
2. If banknifty go below the levels of 34300 then go for the PE, targets is 34000..
Wait for confirmation...))