PEAK Ping Pong So really quick and simple: All last week I table pounded the THIS IS NOT A SELL OFF how we played paddy cakes on the BTFD -10% line and it paid Monday & Friday and SPX CALLS last week. Having rallied for the 🔺 Weekly Candle on SPX (the pattern is counting the open-close, not previous close - close) and tagging that 3308 Friday (the low side of the lower ping pong court: 3310/3325), we rallied [...]
LIMBO Until the DEBATE Tomorrow Clean and simple start to the week, but first: Friday's SPX 3285 CALLS 😎 What was the example I shared in Friday's email? EXAMPLE: BUY SPX 3285 CALLS (ask is currently 1.50 a/o 6:25AM) SPX CLOSES +3285 lets say 3299 where that 23.6 retrace from the ATH to yesterday's LOW is SPX 3285 CALLS would end the day: 3299 - 3285 = 14 Daaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaamn Close THIS WEEK PLAUSIBILITY PATHS ARE EQUAL Viewing the /ES as the [...]
What's worked all week: /NQ yesterday +300p ride @ $20 per point: SPY/QQQ/AAPL CALLS +/-💯💲 yesterday SELL THE OVERBOUGHT RIPS It's THE LAST FRIDAY of the MONTH/QUARTER and we're ODDS IN FAVOR to end the consecutive 🔻 SPX Weekly Candles @ 3 by avoiding a 4th TODAY by closing +3285 SPX WTD With 3 consecutive 🔻 SPX Weekly Candles and this due to be the 4th on a close below 3285.57, the odds are in favor of a close 🔺 above [...]
BULLS BATTERIES DIED TSLA 359 has landed BYND 147 has landed DPHC -22 has landed (still focused on -10) RH 352 has landed (still focused on -320) AMZN 2955 has landed TGT 150 has landed ZM -500 has landed (478 old ATH focus) AAPL 106.5 has landed NFLX almost 460 landing SPX & NASDAQ DOUBLE BOTTOMING FOR A COMPLEX B? Yesterday's bounce up to the low end of the #2 ping pong court @ 3310/3325 tagged eloquently and then faded [...]
STEP ONE IS DONE ✅ WEEKEND VIDEO: Link: https://drive.google.com/file/d/1yQyv6yAKXuIEYnAaafObClQLaOSL8-4o/view So again.... from Monday: The LOW END of the 2nd Ping Pong Court (3310/3325 - 331/332) is all any BTFD plans should be planning on for today and the upper end of the that same court (3365 - 336) is looking for the even riskier FRIDAY SEP 25 understanding a +28.84 VIX is going to inflate the prices on CALLS to the extent that J. Powell & S. Mnuchin in their speaking [...]
JUL 31 GAP IS FILLED (on Futures) Weekend VIDEO (22mins) Link: https://drive.google.com/file/d/1yQyv6yAKXuIEYnAaafObClQLaOSL8-4o/view JUL 31 - AUG 1 GAP IS FILLED: OVERSOLD 1-2-4-6Hr BUY DIVERGENCES with a close to OVERSOLD Daily (pictured) Same view on EVERY OTHER INDEX with the DOW more aggressively overselling compared to the Nasdaq with the Russel the least aggressive sellers 🕷 Spidey senses tingling 🕸 J. Powell speaks 3 times this week S. Mnuchin speaks 2 times this week VIX says SHORTS ARE LIKELY GOING TO GET TRAPPED CHASING [...]
Another Awesome FOMC Day DROPPED THE WEEKLY OPEN OVERNIGHT Powell PRODUCED 😎💰💰💰💰 SPX WTD As shared yesterday: SPX's 1st close above 3400 since SEP 4 and TRIPLE TOPPING that 3420 - 3425 zone Looking very much like a standard complex wave-b as have all others in the past mentioned yesterday wave-a of wave-B should be in and Jerome Powell gets to confirm or deny that later today whereas wave-b of wave-B SHOULD hold that 3389 low from yesterday, but [...]
FED DECISION @ 2PM Press Conference @ 2:30PM UNCHANGED SPX's 1st close above 3400 since SEP 4 and TRIPLE TOPPING that 3420 - 3425 zone Looking very much like a standard complex wave-b as have all others in the past mentioned yesterday wave-a of wave-B should be in and Jerome Powell gets to confirm or deny that later today whereas wave-b of wave-B SHOULD hold that 3389 low from yesterday, but has all the right settings to visit the [...]
Tech View Into FOMC & Quad Witching Friday SPX heading into this OPEX Week with the Friday Close (Unfilled gap) @ 3340.97 and a 2nd consecutive 🔻RED WEEKLY CANDLE: SPX after the +92p bounce off the Friday LOW (visit to the 50d MA) and +23p unfilled gap and USING that 3363.56 OPEN for the guideline to re-enter SEP 18 SPX/SPY CALLS on the rare pattern of a 3rd consecutive 🔻RED WEEKLY CANDLE printing: Thus the VIEW remains unchanged for [...]
OPEX WEEK STARTS WITH +40p GAP UP SPX Closed Friday @ 3340.97 and produced that 2nd consecutive 🔻RED WEEKLY CANDLE and being OPEX Week leans strongly for a GREEN WEEKLY CANDLE (since 3 in a row is rare and its OPEX which is quad witching Friday). Therefore the OPEN on SPX today should work consistently through the week on dips below for scalp CALL plays understanding that pattern which dates back to 2016 of 2 🔻 RED Weekly Candles on [...]
