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.

Not much resistance offered at 4689, sliced thru easily signifies the sellers are confident. 4689 now may be the support turned resistance. Now 4685.

Some softness developed at 4679 ahead of my 4680, leading to about ~ 8 pointer. This after my 4660 caught the downside. Intraday now 4680 is my LIS. I don’t wanna see bids above it for weakness to prevail.

Fairly balanced overnight session. Small range. Levels of some import are 4692, 4700 and 4670. Overall consolidation in uptrend. See below for detailed plan. Now 4694.


https://tictoctrading.substack.com/p/home-builders-some-crypto-and-a-fresh?r=uko95

Low vol, inconclusive open. Now 4686. Today is big FED speak day, starting in an hour or so. Expect real move to begin then. We are still within yesterday’s IB range.

Decent IB. Found bids at my 4692. Good for about ~ 10. Expectation is to try and take out 4710. Now 4695. But 4692 must not give up during IB period.

Folks: many guys have said my Telegram is dead 💀

Not true.

I am working to make it more relevant, more actionable and more alpha for followers. I need some time as it has to make sense, it has to add value.

More to come 👍