$MSFT Said it yesterday. 425 Zone was the big test.
Market sold off hard today and came straight to that level. Exactly where it needed to hold. Now sitting at $427 and buyers are trying to defend it right here.
This is the moment. For bulls you want to see a higher low form from this zone. Don't need a big bounce just need to see price stabilize here, stop making lower lows, and start building a base.
Channel is still intact. 400 is the deeper support below if 425 gives way. But as long as buyers show up here and hold it the structure stays bullish.
Higher low from 425/430 = back on track toward 470. Lose it = 400 comes into play fast.
$GOOGL Breakout away from ATH territory
Right now its rangebound and the levels are clean.
378/382 is the floor. Every time price has dipped into that zone buyers have shown up. It's holding.
390/395 is the ceiling. Price has tapped it multiple times and sellers have been waiting right there each time.
That's your range. Two levels. Been playing out on repeat.
Now here's why 390/395 matters so much.
That zone isn't just short term resistance. Break and hold above it and there's nothing left standing between price and the ATH. The chart clears out completely above there.
The setup is simple -
→ 378/382 holds = range intact, pressure builds
→ 390/395 breaks and holds = ATH test incoming
Watching how price reacts at 390/395. That's the level that changes everything.
@JonahLupton Only added note, Peacock offered a limited time $29.99 for the year instead of $59.99. That convinced me to buy the year plan discounted. I’m guessing I’m not alone there either.
I did already cancel so it doesn’t get renewed next year, but as you mentioned some people won’t.
@scottsinvesting@DevotedDividend@tradingview Big fan long term as a great dividend play. But yes calls into ex-div, puts after ex div. Every quarter. This quarter was 10x on calls the week before and 15x on puts week after. Also down 3.5% was today alone. Overall went down the exact drop I showed in the chart above.
@scottsinvesting@DevotedDividend $VZ has averaged more than 10% drop last 10 times in the weeks following ex div, larger after run ups into the day like we just had
With earnings end of Jan, I would expect the same drop before earnings. Ofc not guaranteed
@TrueTToTheStrat This run coincided with a move into 1/9 Ex-div date. (Need to own by then to collect dividend) expect a sell off starting Tuesday. $39.5 puts started getting targeted on Friday.
**.66 div is priced into puts but the drop tends to be bigger
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