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=

Good Morning ☀️ traders:

4590 just traded per the trade plan and gave 10 points. Those who were little more patient got treated to 0 MAE too LOD ~ 4586 👍

Ideally now want to go back above Friday highs ~ 4607. Else could weaken on hourly close below 4585. Now 4599.

Without a major news until 11 am, S&P500 may try and find some anchors for the session to start off, some numbers may come in handy: 4622, 4608 and round number 4600. Now 4615.

Open is above my 4657. Overnight range small. Gap play support is at 4648-4650. May offer some support if offered. Below 4648, FOMC orderflow support at 4632. Now 4658.

Did not even come close to 4650 , just took off above 4657, at time of this text , it’s 4670.

Rather strange as there is lot of repair 👩‍🔧 work below us that needs to happen in 4620-4650 zone 🤔

Could be forming climactic action at these highs. Hourly close below 4658 confirms that.

Bears wanna close below atleast below todays open 4697. Now 4701. Else can continue to float up. Now 4700.
4696 becomes key for next week.

Traders: an exclusive look 👀 at the market internals. Notice how TRIN stayed below 1 all day and most attempts to break lower were thwarted.

https://tictoctrading.substack.com/p/magic-of-market-internals?r=uko95&utm_campaign=post&utm_medium=web&utm_source=

While TRIN is perched above 1 so far 15 minutes into session, I am watching 4689. This is where a lot of shorts are from yesterday. For any meaningful downside action, this level has to break on strong volume.

Now 4692. This has been a theme. Slow summer like churn in fall. But won’t last for long.