BAC which we gave at 42 now looking rock solid at 45. I am also liking NET which I missed earlier at 144 now 165. Think it makes a run towards 233-235.
Friday auction very close to the monthly highs. A neutral to slightly bearish open.
Now 4453. As of 845 AM. Central.
Now 4453. As of 845 AM. Central.
Waiting game now for some one large to either start onboarding. Or offloading.
As promised, here’s my weekly S&P500 plan:
1. Key factor right now is inflation and the fact no one expects any rates to go up 2-3 months out
2. Market is calculating at 5% inflation and 0% yields S&P500 <> 4500-225 = 4280 BUT 4500+225= 4725 (tweet @ me if the math is not clear). This equation is actually driving many more assets rn not just equities.
3. With this in backdrop, technical levels are 4406. I do not expect sustained selling unless we can close below 4390-4406. On the contrary, dips there may be BOT.
4. Now 4464. Targets of 4520-4530 this week may be possible. Please share this to reach more traders like your self.
1. Key factor right now is inflation and the fact no one expects any rates to go up 2-3 months out
2. Market is calculating at 5% inflation and 0% yields S&P500 <> 4500-225 = 4280 BUT 4500+225= 4725 (tweet @ me if the math is not clear). This equation is actually driving many more assets rn not just equities.
3. With this in backdrop, technical levels are 4406. I do not expect sustained selling unless we can close below 4390-4406. On the contrary, dips there may be BOT.
4. Now 4464. Targets of 4520-4530 this week may be possible. Please share this to reach more traders like your self.
Good morning traders:
1. Nightly action is inconclusive and doesn’t present an edge to either bears or bulls
2. This may turn out to be a balanced day
3. Levels of interest are 4426 amd 4460.
4. Now 4443.
1. Nightly action is inconclusive and doesn’t present an edge to either bears or bulls
2. This may turn out to be a balanced day
3. Levels of interest are 4426 amd 4460.
4. Now 4443.
MARA stock which way gave at 48 is now 52, I expect it to be very active today along with the likes of $RIOT $MSTR etc
Brand new buys here are tricky because with first ever #bitcoin ETF #bito being launched at 40 dollars apiece, there will be an ample opportunity for liquidity and take profits.
I do think #bitcoin itself could use a pullback here now 63000. We have been bullish on #btc from 29K handle. My LIS has been around 44-47K on this.
Brand new buys here are tricky because with first ever #bitcoin ETF #bito being launched at 40 dollars apiece, there will be an ample opportunity for liquidity and take profits.
I do think #bitcoin itself could use a pullback here now 63000. We have been bullish on #btc from 29K handle. My LIS has been around 44-47K on this.
S&P500 is quite perky overnight.
It will be hard to dislodge this sentiment, unless and until we offer below Friday highs of 4472. This is also the SOC from September and therefore an important level.
Now 4490. ON highs are at 4505. Beyond that my current target of 4535.
It will be hard to dislodge this sentiment, unless and until we offer below Friday highs of 4472. This is also the SOC from September and therefore an important level.
Now 4490. ON highs are at 4505. Beyond that my current target of 4535.
Pretty meh 😑 so far ..
Was expecting more fireworks 💥 tbh
Still not IB over yet so will give it another 20-30 minutes
Now 4495
Was expecting more fireworks 💥 tbh
Still not IB over yet so will give it another 20-30 minutes
Now 4495
Folks: check my Twitter for daily plan and levels .
I am watching 4542-4546 for climactic action and a swing high.
Now 4515.
I am watching 4542-4546 for climactic action and a swing high.
Now 4515.
Traders:
Few thoughts on cash open today 10/21:
1. Event risk heavy night in Asia and elsewhere
2. Technically no significant movements in S&P500
3. Few key stocks like TSLA have been weak but not as much I would like, at one point falling almost below 850 now inching higher
4. These current levels in S&P500 do not arouse my interest . However traders are watching the cash session gap at 4486-4495 if it trades and holds. My opinion is it will hold, atleast today, if it gets there . But let’s find out! Now 4522.
Few thoughts on cash open today 10/21:
1. Event risk heavy night in Asia and elsewhere
2. Technically no significant movements in S&P500
3. Few key stocks like TSLA have been weak but not as much I would like, at one point falling almost below 850 now inching higher
4. These current levels in S&P500 do not arouse my interest . However traders are watching the cash session gap at 4486-4495 if it trades and holds. My opinion is it will hold, atleast today, if it gets there . But let’s find out! Now 4522.
Free trade plan 10/22:
1. Weekly target ~ 4535 is now achieved and found sellers .
2. For tomorrow Friday, I have 2 key hypothesis :
A) open at or below 4496, trap some buyers on move up to 4510 and then single time frame down into 4440.
B) Bid or open above 4535, take out 4556-4560 , consolidate for a move into 4600
3. Now 4525
1. Weekly target ~ 4535 is now achieved and found sellers .
2. For tomorrow Friday, I have 2 key hypothesis :
A) open at or below 4496, trap some buyers on move up to 4510 and then single time frame down into 4440.
B) Bid or open above 4535, take out 4556-4560 , consolidate for a move into 4600
3. Now 4525
Check out my blog for educational content and share with anyone interested in price action trading:
https://tictoctrading.substack.com/p/a-new-format?r=uko95&utm_campaign=post&utm_medium=web&utm_source=
https://tictoctrading.substack.com/p/a-new-format?r=uko95&utm_campaign=post&utm_medium=web&utm_source=
Substack
A New Format
TDOC
Beer 🍺 marker $SAM reports earnings today. I do like the stock at 500. I think it’s oversold. LIS remains ~$420.
$FB may be the next shoe 👠 to drop. They report on the 25th. $SNAP wrecked, they are blaming AAPL iOS changes for destroying their ad business.
Now $320.
Now $320.