IMPORTANT ANNOUNCMENT📢
Myself & @TSDR_Trading have hosted a Sunday Scans session live on zoom in the group every weekend for the last 3 years.
We have decided to convert this live session into a newsletter format for everyone to access. Additionally, we will be sending out daily watchlists, trade reviews, educational write-ups and more, completely FREE.
Our goal is to reach more traders and make a further positive impact for the community. Our first post is available now, breaking down our top ideas and insights for the week ahead. Enjoy!
https://t.co/UQWshLIeVg
$IWM
ZtZ: Overhead Resistance at 221.13 PDH. Next spot 221.92
Below we have support at 218.38 and 217.55
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Upside: Over 220 psyche/gamma wall
Targets: 221.13 PDH, 221.92 Res, 222.20 1D max
Downside: Below 220 psyche/gamma wall
Targets: 219 HVL, 218.38 PDL, 218 Gex 2
$QQQ
ZtZ: Overhead we have resistance at 493.69. Break that spot and next zone is at 498.44
Below we have support at 485.81, 484.56 and 480.18
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Upside Move: Above 490 Call Res/Gamma Wall
Targets: 493.69 PDH, 945 Gex1, 496.34 g/f
Downside: Below 490 Cell Res/Gamma wall
Targets: 487.46 PM low, 485.81 PDL, 484.56 Sup. zone/Gex2 area
Happy Happy Friday! Core PCE data at 8:30
We made some decent sized moves in here this week. But if you didn't capture the moves, don't blow your weekend today trying to cash in on the fomo. Today is not the last day ever to trade. Market will reopen on Monday. Don't force a bad trade and make yourself miserable over the weekend.
Playing around with dark charts today. Let me know which meat you prefer. Light Meat or Dark?
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$SPY Zone-to-Zone
Overhead we have ATH 574.72 resistance. Break over ATH,s and I target $1 whole level moves as thats how options are sold.
Support levels we are looking at are 570.81, 569.89 and 568.91.
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Upside: Above 573 Gex2
Targets: 574.72 PDH/ATH, 575 pm ath, 578.08 1D max
Downside: Below 572 Gex1
Targets: 570.81 PDL, 570 Call Res, 568.91 Sup/HVL 0dte zone
$IWM
ZtZ: Overhead were looking at PDH 220.61, 221.92 and 223.46 Resistance zone
Below we have 217.55 and 216.14 Support zones
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Upside: Over 220 Gex 1/ psyche level
Targets: 220.61 PDH/ 1D max zone, 221 Gamm wall, 221.92 Res
Downside: Below 219.35 PM support
Targets: 219 HVL stack, 218 Gex1, 217.55 PDL
$QQQ
Gapping up to 493.15 low from July 16th. Q's significantly gapped below that the following day. Currently sitting on this spot between zones.
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ZtZ: Overhead, Looking at 496.34 G/F and 498.44 Resistance zone. Below we have 488.79 and 487.79 resistance zones possibly turned support
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Upside: Over 493.15
Targets: 496.34 G/F, 498.44 Res zone.
Downside: Below 492.30 pm support
Targets: 491.22 pm low, 490 gamma wall, 488.79 Res zone
Goooood Thursday
$VIX gapped down, but has since curled back up and nearly flat.
$SPY Sitting up at the 1D max/ Gex1 in the pre-pre
Market wide gap up as futes ran hard overnight. PM highs/lows will be marked today. I wouldn't be surprised to see some profit taking right out the gate. Question is will we be lucky enough to get a trender today. IDC if it's up or down, but lets wait for a pattern to emerge
6 Fed speakers today starting at 9:10, Powell 9:20. Dont know if they are at an event, or separate places. Keep that in mind if candles get weird.
GDP data at 8:30, PM spots will probably need to be adjusted before open.
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ZtZ: Overhead, no zones as its gapping over ATH. Below we have572.88 ATH, 568.91 and 567.60 Support zones.
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Upside: Above 575 Gex1 or opening dump to ATH area may be a good long
Targets, trim as see fit
Downside: Below PM low
Targets: 572.88 ATH, 571.89 PDH, 571 Gamma wall
$IWM
4 days of pullback and set to gap down currently. ADVDEC also gapping down a bit this morning (but not really accurate until open) Currently sitting in the middle of previous days zone
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ZtZ: Overhead we have PDH 221.92, 223.46 next zone
Below we have 219.5 PDL support, break that next zone is 218.24
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Upside: Above 220.93 PM high
Targets: 221.92 PDH/HVL 0dte area, 223 Gamma wall, 223.46 Res. zone
Downside: Below 220.93 PM high
Targets: 220 Gex 1, 219.50 PDL, 219 HVL, 218.24 Sup. zone
$QQQ
Sitting more in the middle of the range than $SPY is. My least favorite spot. Mixed on big names this morning. $AAPL set to gap down, META and other names flat after a pm gap down. Will need to keep an eye on tech.
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ZtZ: Overhead resistance we are looking at 486.33 zone, a big level that goes all the way back to July 17th and has been resistance 5 trading days now. If we break over that spot, 488.79 is the next zone.
Below we are looking at 480.18 PDL support then 478.31 support for downside tests.
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Upside: Above 486.33
Targets: 488 Gex 2, 488.79 res. zone, 490 Call Res
Downside: Below 485 Gamma wall
Targets: 482 HVL 0dte, 480 PDL/Gex 1/1D Min zone, 479 Put Sup. 0dte
Happy Humpday! Time to grind the markets face!!!
$SPY sitting at the top of yesterdays range. Futures sold off ever so slightly last night before getting brought back up this morning.
$VIX has gapped up slightly off PDL from 15.27 to 15.70. Below 15.27, next spot is 14.46. Overhead is 16.67 and 17.10
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ZtZ: Looking at PDH 571.36 resistance the zone to watch. Break that, next zone is 572.88 ATH
Looking at support, PDL 567.60 is the first target, break that then we look for 565.17 Support
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Upside: Above 571.36
Targets: 572 Gex2, 572.88 ATH, 575 Gex1
Downside: Below 571 Gamma wall
Targets: 570 Call Res, 569 HVL 0dte, 565.60 PDL
$IWM
ZtZ: Below we have support at 220.02, below that 218.24. Overhead Res zones we have 223.46 PDH and 224.94
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Upside: Above 222 Gamma wall
Targets: 223 Gex1, 223.46 PDH/1D max zone, 223.94 g/f
Downside: Below 222 HVL 0dte
Targets: 220.02 PDL/ Put Sup. 0dte zone, 219.45 g/f, 219 HVL
$QQQ
ZtZ: 484.14 PDH zone the spot to watch for resistance. Breaks up, next zones are 486.33 and 488.79
Support zones are 481.60 and 478.31
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Upside: Above 484.14 PDH
Targets: 484 Gex 2, 486.33 zone, 488.79 res/1D max zone
Downside: Below 483 Put sup 0dte/HVL 0dte
Targets: 481.60 PDL zone, 480 Gex1, 478.31