Plan 7/15 Thursday:

1. Orderflow pivot is 4356

2. I think markets wants to test what’s out there below 4356

3. Short if open/offered below TPP, target is 4300

4. Slow grind higher if no open/offer below 4356 (now 4368), targets 4396

#ES_F $SPX $NDX $SPY

Free plan 7/16 Friday:

1. Watch the close today

2. There may be absorption rn on bid side , if close is above 4356 (now 4350) . This is bullish, targets 4400.

3. If close is below 4356, more pain ahead , targets 4300.

Rejected a lot of support ..4330 next strong support.

Now 4338

None of FANG is +ve..

If 4330 goes, massive dippy!

WEEKLY plan 7/19:

1. Order flow pivot is 4347.

2. My weekly target is 4211 if no daily close achieved above 4347.

3. A daily close archived above 4347 ushers in 4396.

4. Now $4318.

Three remarkable S&P500 earnings this month : NFLX, CMG and TSLA. Now $530, $1530 & $644 respectively.

I remain bullish on $TSLA and believe the current volatility in price is a hallmark of a fast growing company.

However, I am also negative on S&P500 right now at $4320. So when all is said and done , by the time Tesla reports earnings on the 27th, I would not be surprised if the stock is trading at 600 or even sub-600.

I will look forward to buy those prints.

Few support levels (NOW 4262):

4224

4237

Few resistance levels :

4284

4292

NFLX is one of those stocks I missed the recent upswing…

Technically I find not much going here..

They do however place a lot of weight on subscribers numbers.

With this said, the stock is rn $530. I can not buy here as I already missed it at 490, so I will consider it on a dip.

I am watching 498-505 as potential support. If it doesn’t dip, there is always an other earnings plays for me like $CMG $UAL and $ALLY. Not gonna chase it here at 530 today.

Folks:

I am watching $ARKK as leading indicator rn.

I do not believe meaningful sell in broader S&P500 $SPY $IWM or $QQQ, unless $ARKK closes below 117 dollar (now 122)

On S&P500 side this loosely translates to 4320. Now 4353.

On upside 4396 is one possibility. Other possibilities will be published when the time comes (but only for subscribers).

#ARKK under pressure.

Keep an eye out .

Now 117.

S&P500 now 4395.

Plan 7/28:

1. Longs may be favored if open/bid above 4395, targets 4410-4418

2. If offered/open below 4395, I expect a retest of 4373 followed by a deeper sell to see “what’s out there” at 4331.

3. Now 4387.

Expecting 85 handle to break sometime this week (may be even today), take out 73 and unleash large sell.

Now 95.

85 is a key 🔐 battleground level.

Tesla TSLA stock fires 🔥 big if 46 holds now 650

I remain constructive on S&P500 this week as well with following situations:

1. We need a daily close above 4403 for bullish continuation..targets are 4456 followed by 4464..

2. Expect 4373 to hold declines…

3. However if 4373 doesn’t hold , we may retest 4308 for a deeper BTFD! experience 👀

4. Now 4395..

Let me know what y’all think of this.

$HOOD stock is up 35% after we went bullish on it at 34 bucks. This stock target 1 is 50 bucks followed by 68.

S&P500 now is up 40 dollars off my 4366. This after 20 dollars off morning short. Total +60 day. Weekly 4373 v good level .

Free plan 8/4:

1. If open/offered below 4403, I will lean on bearish side for a retest of 4365 tomorrow or Thursday

2. I expect 4365 to be soon retested and broken

3. If open/bid above 4403, an assault may be made on 4420.

4. Now 4411.

Just don’t see how Jerome spins this services PMI number as transitory.

Anyways, may be too early to fight the tape, but a close below 4382 may bring 4308 in hurry.

Now 4405.

Analysis void on close above 4428.

No staying power by 🐻 bear even after strong 💪 PMI. Anyways my 4398 seems to hold decline (for now).

5 hours to go.

Now 4303.

Two stocks that may outperform are NFLX now 516 and MU now 82 dollar

Overnight futures are a bit perky..

First order of the day may be to test 4412-4415 and then make main move.

Now 4404.

$FSLY I gave at 35 now 41 may have more juice left

I think 58-63 not out of realm