🔻🔺 Friday MAR 25 WATCH | Final Friday of Q1 🎈

Message me in CHAT any individual stocks you have or are watching for

• TERMINOLOGY:  ES = S&P Futures; YM = DOW Futures; NQ = Nasdaq Futures

️️️ Challenge:   www.32trades.com/200-trade-challenge/

APR 1 PUTS LOOKS:

TSLA:   970

• 979 – 971 / 955 support attempt pivots

• 1-2-3 completed view with pending 4 to low 900s

• 1052 / 1077 impulsive blow off before decline plausible

• 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

• 173.88 pivot reached

• 164.90 / 165.49 support pivots

• 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

• 277 = -20% from ATH

• +39.80% from MAR LOW (+82p)

• 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

• +72% from MAR LOW

• China CRACK DOWN still in effect

• Chinese Stocks De-Listing still in discussions

• 110 primary pivot

• 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

In Summary:

—
 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”