$AMZN (per request)
AMZN is attempting to reverse, but I don’t think the breakout has been confirmed yet. The daily RSI is still recovering, and buyers need to reclaim $240 with strong volume before I’d expect momentum to build.
If price pulls back and $235 holds, I’ll be watching for buyers to step in. A reclaim and hold above $240 would be my confirmation to go long, with targets at $245 (TP1) and $250 (TP2).
There has been bullish flow coming in, but I’d still like to see stronger volume before expecting a bigger move. If $235 fails to hold, I’ll invalidate the bullish thesis and wait for lower support.
@kayal_za@MoonWalker1982s $235 retested and held earlier. It also broke above $240. Let’s see if AMZN has the volume and momentum to break above $245 today. If it can hold above $240 into market close, that would be a good sign for continued upside.
$MRVL
MRVL is compressing beneath a descending trendline. As long as $268-269 (daily 20 EMA and VWAP) holds, I’ll stay bullish. If buyers reclaim and hold above $280, I’ll look to go long with targets at $290 (TP1) and $300 (TP2).
$AMZN conditions I set for this play have been met. The $235 retest and hold held, and $240 has now broken out. Price is pushing toward $245. Let’s see if AMZN has the volume and momentum to break above $245 today. If it can hold above $240 into market close, that would be a good sign for continued upside.
@MoonWalker1982s
$AMZN (per request)
AMZN is attempting to reverse, but I don’t think the breakout has been confirmed yet. The daily RSI is still recovering, and buyers need to reclaim $240 with strong volume before I’d expect momentum to build.
If price pulls back and $235 holds, I’ll be watching for buyers to step in. A reclaim and hold above $240 would be my confirmation to go long, with targets at $245 (TP1) and $250 (TP2).
There has been bullish flow coming in, but I’d still like to see stronger volume before expecting a bigger move. If $235 fails to hold, I’ll invalidate the bullish thesis and wait for lower support.
$MA
MA is holding above the daily 20 EMA after breaking its descending trendline. RSI is around 61, so I think buyers still have room to push higher.
If $515 breaks and holds, I’ll go long and target $525 (TP1) and $535 (TP2).
The 7/17 $535 GEX node continued building today, and there was also notable 7/17 $535C unusual bullish flow today. I’ll be watching to see if buyers can build enough momentum toward that level.
If $515 fails, I’ll invalidate this thesis and look for a better setup.
$MA
MA is holding above the daily 20 EMA after breaking its descending trendline. RSI is around 61, so I think buyers still have room to push higher.
If $515 breaks and holds, I’ll go long and target $525 (TP1) and $535 (TP2).
The 7/17 $535 GEX node continued building today, and there was also notable 7/17 $535C unusual bullish flow today. I’ll be watching to see if buyers can build enough momentum toward that level.
If $515 fails, I’ll invalidate this thesis and look for a better setup.
$MRVL
Buyers finally reclaimed the descending trendline. If $300 breaks and holds, I’ll be looking to scalp it toward $305, then $310, with $315 as my final target. There was also some notable 7/2 $315C unusual flow today that came in before market close, so I’ll be watching closely to see if buyers can build momentum. If $300 fails, I’ll stay patient and wait for another setup.
$SVIX ($VIX short)
Bulls might have a problem. The red trend line from Dec 2024 hasn't been broken since. Will this time be different?
$SPY $QQQ $DIA $SOX
@dvnae___
I may not be able to post daily updates on my $1K Challenge Account anymore. Instead, I’ll post a recap at the end of each week.
Now that my audit busy season is finally over, I have more time to trade and make plans. The account I started on June 23 is now almost at $1.5K. It might seem like slow progress to some, but I’m happy with it because I’ve stayed disciplined throughout this journey. No oversizing, no overtrading, and definitely no FOMO.
I’m not doing this for the profits. I’m doing it to build discipline and sharpen my skills. The profits are just a bonus.
I’m also in the process of switching brokers since IBKR sucks. Hopefully, I can get that sorted this week so I can finally start adding swing positions to my portfolio.
Called out $GOOGL to the team this morning near the very bottom. It hit my TP1 at $355, then tagged my $358 level before getting rejected. I probably paper-handed this one since I was busy at work and couldn’t monitor the trade, but the team still bagged on GOOGL today! 🔥🤑
$MRVL
MRVL is compressing beneath a descending trendline. As long as $268-269 (daily 20 EMA and VWAP) holds, I’ll stay bullish. If buyers reclaim and hold above $280, I’ll look to go long with targets at $290 (TP1) and $300 (TP2).