$AMZN Chart update ๐
Shared this setup last night and it played out really nicely today!
Congrats if you caught this ๐๐ฅ
We took some calls in the discord and those are up over +100%.
216.76 looks to be next ๐
$HD ๐
Reported earnings this morning and the initial reaction was positive with the stock gapping up.
Intraday price action pulled the stock lower, engulfing the 2 previous candles.
Key level to watch here is 400. If 400 breaks, I like puts for a continued move to the downside. 391.69 can come next
$META ๐
Stuck in a big range so may not be ready for a move any time soon but its one I'm keeping a close eye on.
Over 602.95 is the trigger to the upside. Would be an ATH breakout targeting my next level at 619.68 (fibonacci level).
Not really interested in puts unless it breaks 562.07 level.
$AMZN ๐
Loving the way this one is setting up near the highs. Have a nice little flag thats built up while it consolidates.
I like playing the upside on a break over 210.05. Targets above would be 212.25, 216.76.
Not interested in puts unless its under 200.
Trade Idea ๐ก
$IWM
Entry: Over 238.49
Contract: $IWM 11/13 240c
๐Saw some consolidation last week after gapping up to new ATHs. Simple setup here to watch for the breakout from this consolidation. Over 238.49 sets it up for a continued run towards the fibonacci level above at 246.88. Under 232.75 puts it into gap fill territory.
Trade Idea ๐ก
$TSLA
Entry: Over 328.71
Contract: $TSLA 11/15 340c
๐Coming off a big move last week makes this a top watch for us this week for continuation. Closed just under an important level at 324.88 so we will want to see that reclaim and take out last weeks highs. Once that breaks we can see 346.90 next.
Trade Idea ๐ก
$PLTR
Entry: Over 58.48
Contract: $PLTR 11/15 60c
๐Has been very hot since its earnings report last week. Trading over ATHs and will be a continuation play over last weeks high of 58.48. Its possible to see some digestion first, with how hot its been, before its next move so may have to be a little patient here if it doesn't break over the highs.
Trade Idea ๐ก
$GME
Entry: Over 25.97
Contract: $GME 11/15 27c
๐Has been working its way up and out from a trend break a few weeks ago. Ended the week with some strong momentum and closed over key level at 24.77. Over 25.97 is where it can get a lot more room and can start to squeeze. Next levels above at 27.83, 29.86.
Weekly Trade Performance โก๏ธ
11/4 - 11/8 ๐
๐จ 9 trades alerted
๐ข 7 exited with profits
๐ด 2 exited with a loss
๐ฏ 1 exited with over +100% gain
We alert all entries and exits live in Discord!
Join our Discord for free! Link in bio ๐
See our trade performance for the whole year in more detail in the google doc below ๐
$META $PLTR $SMCI $NVDA $TSLA $SPY $QQQ $GME
Doing some chart requests in the discord in about 2 hours from now! ๐
Join the discord for free and request some charts via the link my bio ๐
$SPY $QQQ $TSLA $NVDA
$PLTR ๐
Was our focus this morning ๐ฏ
We entered calls at the open and secured gains at +63%.
We're now in a roll up riding our gains for more.
First fibonacci level at 50.45 tagged. Next one above is at 55.20 ๐
Several big events this week that have potential to move the market unpredictably...
Election
FOMC
...and were still in earnings season
Not a place you want to be jumping into lots of trades. Keep it simple here!
Here is a look at where we are with $SPY on the daily.
Managed to close within last Thursday's big candle again today. Inside that candle it will be choppy. We will get better movement once we are moving outside that range.
๐ดUnder 568.44 favors the downside
๐ขOver 575.63 favors upside
Trade Idea ๐ก
$NVDA
Entry: Over 140.76
Contract: $NVDA 11/8 144c
๐Gapped up after hours on Friday following news of inclusion to the Dow Jones. Over 140.76 can give it enough momentum to push for ATHs. Over ATHs has more head room. Not too many plays aside from this one look great for upside heading into the week.
Trade Idea ๐ก
$SPY
Entry: Under 568.44
Contract: $SPY 11/6 565p
๐Broke down under the major trendline last week. Several names broke their major trendlines but I like SPY 0.00%โ to simplify. Friday followed up with a tight inside day. A break under the lows from Thursday gap down sets it up nicely for 565.17, 560.61.
Trade Idea ๐ก
$META
Entry: Under 562.07
Contract: $META 11/8 555p
๐Major level at 562.07 which will pair with breaking major trendline. Selling pressure can pick up on this break. Next major level below at 542.29
Trade Idea ๐ก
$MSFT
Entry: Under 406.30
Contract: $MSFT 11/8 402.5p
๐Broke under trend last week with a big gap down on earnings. Friday traded an inside day so setup is simple here. A break under Thursdays low is the trigger targeting a move to 400, 396.50.