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.

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

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=

Beer 🍺 marker $SAM reports earnings today. I do like the stock at 500. I think it’s oversold. LIS remains ~$420.

Just noticed SNAP also reports today. Good support at 66-68, now $75.

$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.

Shorts 🩳 are not favored for me rn as long as remain above 4535. See yesterdays plan for levels and context. Now 4542.

Check out my weekly S&P500 plan and some levels..

https://tictoctrading.substack.com/p/weekly-s-and-p500-thoughts?r=uko95&utm_campaign=post&utm_medium=web&utm_source=

Since every one is talking TSLA non-stop on Twitter 🛑, here’s my play on TSLA:

1. If we close tomorrow above $1040-1044, I believe TSLA trades 1200 next.

2. If we close tomorrow below 1020-1024, I would think we gotta go test that $830-$850 again.

3. Now $1025.

Late after noon weakness. Could turn to rout if we trade below VAL 4570-4573 handles. Now 4580.

Traders 64-65 seems to provide support this morning.

If it holds we may test 82-85.

Now 71.

65 was a good bounce, now ~ 73.

It’s a key 🔐 level and shouldn’t fold. Else we have 47-50 handle support zone beckon below. Refer to my substack below 👇

https://tictoctrading.substack.com/p/daily-plan

Folks: since we are opening above 4550, per my daily plan below, I wanna see if we interact with 4565 at the open and what kind of orderflow we get there. Or do we sell off down into 4550 first.

Now 4558.

https://tictoctrading.substack.com/p/daily-plan-c22?r=uko95&utm_campaign=post&utm_medium=web&utm_source=

Auction now taking a rest ahead of my 4577. Now 4572. At some point we have to take out the PHOD 4577 else we will have a 2nd lower high in a row and that’s not good (technically).

AAPL now 152 after we reiterated strength at 148 in AM. Rest of session may just be a dud awaiting AAPL EPS.

Broke thru PHOD with little trouble, now 4583. 4590-4600 may be next logical targets.

Here’s my 2 cents on AAPL earnings:

1. The revenue miss is minuscule, it’s only 6 billion dollar.

2. However, the trend so far has been the market has rewarded those who seem to beat the supply chain and logistics issues ( $COST, $TSLA to name a few )…

3. Market has punished those who fell short to secure stuff needed to continue to operate thru holidays into next year

4. My opinion is market will punish AAPL .

5. Reason for this bias is I do not believe chip shortage will be over by 2023 (AAPL designs the chip but their vendors make it). They also have a large workforce that needs to travel back and forth to China factories 🏭 🇨🇳 which is gonna get harder now.

6. Analysis void is we bid above 152. Now 147. Target is 136.

59 support as expected has held. Now 77. Yesterdays highs at 85-90 may be in play here. Unless we offer below 59.

Breakout chances after first 2 hour fade away..unless exceptional day due to news or tweets. Balance conditions prevailing. Now 4580. Now half hour to go.

Target 85 achieved. LOD of session was 60. Given pre-market in our substack below 👇

https://tictoctrading.substack.com/p/intraday-update?r=uko95&utm_campaign=post&utm_medium=web&utm_source=

Have a good weekend 👍

Just caught up on AMZN news. I like the stock at 3340 on this news. LIS below 3280.

Folks: my volume profile intro is out. Check it out. Daily plan for Monday 11/1 will be published shortly for subscribers.

https://tictoctrading.substack.com/p/volume-profile-part-1?r=uko95&utm_campaign=post&utm_medium=web&utm_source=