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- TERMINOLOGY: ES = S&P Futures; YM = DOW Futures; NQ = Nasdaq Futures
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APR 1 PUTS LOOKS:
TSLA: 970
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979 – 971 / 955 support attempt pivots
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1-2-3 completed view with pending 4 to low 900s
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1052 / 1077 impulsive blow off before decline plausible
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Xtremely OVERBOUGHT Daily
970 PUTS closed @ 16.04; 900 PUTS closed @ 3.95
SELL CREDIT CALLS SPREAD: 1100 / 1050 = $10.10 (net credit)
AAPL: 170
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173.88 pivot reached
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164.90 / 165.49 support pivots
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up every sessions since
170 PUTS closed @ 1.16; 175 PUTS closed @ 2.98
SELL CREDIT CALLS SPREAD: 185 / 180 = $0.41 (net credit)
NVDA: 272
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277 = -20% from ATH
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+39.80% from MAR LOW (+82p)
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265 1st support pivot
270 PUTS closed @ 4.55; 265 PUTS @ 3.25
SELL CREDIT CALLS SPREAD: 305 / 285 = $5.19 (net credit)
BABA: 109
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+72% from MAR LOW
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China CRACK DOWN still in effect
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Chinese Stocks De-Listing still in discussions
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110 primary pivot
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104.80 1st support
109 PUTS closed @ 2.40; 105 PUTS @ 1.41
SELL CREDIT CALLS SPREAD: 130 / 120 = $1.84 (net credit)
SPX FAILED 5th WAVE / DOUBLE TOP?
WTD 5Min
Need a CLOSE below 4666 whereas the Monday OPEN is 4,462.40 so we’re sensitive about a Weekly Candle. Last week’s candle was
so it can be wasted (meaning closed below) and with the VIX A L M O S T tagging that 21.02 pivot yesterday…
WE ARE DUE A STRONG which then sets up the BTD for the MARCH MONTHLY CANDLE (4,363.14) if this FAILS LOWER than the text book fibonacci decline for that 4437 – 4426
Thus SPY 447/446 PUTS are in play for today
450 above your RISK / APR 1 PUTS entry level
SLOW GRIND WAVE 5 BULLISH ALTERNATIVE
SPX 4545 – 4555 above with the VIX 21.02 below
On this continuation into today’s close, MONDAY MAR 28 SPY 449/450 PUTS for the weekend respectfully positioned is appropriate
Nasdaq WEIGHT did 80% of the work to bring SPX above 4350
![](https://ci3.googleusercontent.com/proxy/XbvZX0lO9yMScOWpU30NixGvGkS0ZM2jY-0rd2OdF53xM_u-soI_Fm1st28Pr5jZiMhD2PcbT4vzKqK8--6wUE7pH9-l1Cs2ovbJBAdboxute-a-bEvfA3gAgEUf_sQitQeu2-JBcdz9nrSgv3p9Sf4kjYDHxA=s0-d-e1-ft#https://mcusercontent.com/9ca8c56c27af4d5a34281b96a/images/5dfac71c-827a-7478-7192-2af3199a2ca9.png)
In Summary:
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SPX BEAR BOUNCES:
- JAN BOTTOM: 8 sessions; +8.83%
- FEB BOTTOM: 6 sessions; +7.34%
- MAR BOTTOM: 7 sessions (Tuesday); +8.66%
We should be seeing a dip to 4431 – 4386 before moving on to the CORRECTION IS OVER / EARNINGS SEASON
Keyword “should”
Message me in chat/email any tickers you want looked at
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10yr @ 2.348 (5:00 AM)
![](https://ci4.googleusercontent.com/proxy/b2c9Z27OdyGRgAikCNMIp-4DbCzZ_d_7fQo7FftGOpSXl-KFCmJiJcOkqotlnohkObMDTM8x7idVhhY6XaTDN5YBCz9pHix05H55yM49StgFCCrtiGLAQEyQ3DSaoEC6e4QL4qaWyKH7AdvwfRpaA_u936Zbqw=s0-d-e1-ft#https://mcusercontent.com/9ca8c56c27af4d5a34281b96a/images/28ce292c-c993-1392-23c4-379d4285b355.jpg)
VIX @ 22.19 (5:00 AM)
![](https://ci4.googleusercontent.com/proxy/b2c9Z27OdyGRgAikCNMIp-4DbCzZ_d_7fQo7FftGOpSXl-KFCmJiJcOkqotlnohkObMDTM8x7idVhhY6XaTDN5YBCz9pHix05H55yM49StgFCCrtiGLAQEyQ3DSaoEC6e4QL4qaWyKH7AdvwfRpaA_u936Zbqw=s0-d-e1-ft#https://mcusercontent.com/9ca8c56c27af4d5a34281b96a/images/28ce292c-c993-1392-23c4-379d4285b355.jpg)
![](https://ci5.googleusercontent.com/proxy/4U09_9b7NRT3ITt6GBB9zl6OBR4RPP3vMxFNHT5qBuWT4aeZQc3LS9-kX2JYIGPjutM7Cws-6Nf6Ew6ybi-Ll9F2xsXaKqRtOeF674lNR0V04l2bjz0CEa_fkKT_D0Tt3AINeX5995HmeodNpEug0BSglLrvJw=s0-d-e1-ft#https://mcusercontent.com/9ca8c56c27af4d5a34281b96a/images/d96edb29-7777-0875-0bc7-6c221bd2049f.jpg)
SPX Thursday MAR 24 Data:
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Overnight Gap: +13.74
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Range: 55.41
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Open -Close: +50.18
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Close -Close: +63.92
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LOD > Previous Close: +8.93
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Previous Close > High: +64.34
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ATH > Close: -6.19%
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ATH > LOD: -7.34%
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2022 Open: 4778.14 (-5.40%)
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HOD Off MAR 2020 LOW: +106.24%
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YoY: +15.62%
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Month of March (4,363.14): +3.60%