frankpeter2006

travel around

[Linda Raschke @LindaRaschke]

SP structure: Down-trending channel intact, Short term support on text of previous day's low after three days high to low. A morning rally above 7651.50 will setup a short sale. (Any morning down is a Buy for a scalp only)

[frankpeter2006 @frankpeter2006]

@BlueMoonTrades I already pinged. You.

[frankpeter2006 @frankpeter2006]

@BlueMoonTrades Hi just now I saw the message. Can you please extend one more day plz

[OnlyOptionsTrades @OnlyOTrades]

BREAKING🚨: JPMorgan executive warns that a lot of assets are entering “Bubble Territory.”

JPMorgan CEO Jamie Dimon states that the last 20 years have seen a credit bull market and warns of early signs of excess.

[frankpeter2006 @frankpeter2006]

Summary: Weekly Chart Analysis for QQQ 07062025
Directional Bias
Bullish: Break above 548.84 (weekly resistance) with volume confirms upside to 555–560.
Bearish: Break below 545.47 (weekly low) with a close below 10-week EMA (~537) targets 530–535 (June 2025 support).
Market Structure
Trend: Bullish with higher highs and lows. QQQ closed at 547.52 (July 3, 2025), with a higher low at 523.04 (June 20, 2025).
Consolidation: Between 541.31 and 548.84.
Volume: Increased, supporting bullish momentum.
Trade Plan
Long Entry: Break above 548.84 on 1-hour chart with volume.
Short Entry: Break below 545.47 on 1-hour chart with volume.
Stop Loss:
Long: Below 10-hour EMA (~546–547).
Short: Above 548.84 or 10-hour EMA.
Targets:
Target 1: 548.84 (weekly high).
Target 2: 555.
Target 3: 560.
Risk-to-Reward
Long Trade (Entry: 549, Stop: 546):
Target 2: Risk = 3, Reward = 6, R:R = 2:1.
Target 3: Risk = 3, Reward = 11, R:R = 3.67:1.
Short Trade (Entry: 545, Stop: 548.84):
Target 1 (530): Risk = 3.84, Reward = 15, R:R = 3.91:1.
Minimum R:R: Target 2:1 or higher (favor Target 2/3 for longs, Target 1 for shorts).
Trade Management
Initial Stop: Long below 10-hour EMA (~546); short above 548.84.
Breakeven: Move stop to entry (e.g., 549 for longs) after Target 1.
Trailing Stop: Trail 2 points below 10-hour EMA or use 10-point fixed stop after Target 1.
News
Key Events: July 9, 2025, Trump tariff deadline may drive volatility.
Economic Data: Inflation data and Q2 earnings from Nasdaq-100 firms (e.g., Nvidia, Microsoft).
Market Sentiment: Bullish to 555–560 if 548.84 breaks; bearish to 530–535 if 545.47 fails.

[frankpeter2006 @frankpeter2006]

Weekly Chart Analysis for SPY 0706/2025
Directional Bias
Bullish: Above 626.28 (key weekly resistance and year-high). A break and hold above this level with increased volume signals potential upside to 630–635.
Bearish: Below 622.43 (recent weekly low). A close below the 10-week EMA (~617) could target the 607–610 range (June 2025 support levels).
Market Structure
Trend: The weekly chart shows a bullish structure with higher highs and higher lows. SPY closed at 625.34 (July 3, 2025), surpassing the previous high of 620.62 (July 2, 2025) and forming a higher low at 595.31 (June 20, 2025).
Consolidation: SPY is consolidating between 615.51 (prior day’s low) and 626.28 (year-high), reflecting a pause after a strong rally.
Volume: Increased volume from the previous week supports bullish momentum, but a spike on a breakdown below 622.43 could indicate bearish pressure.
Trade Plan
Long Entry: Enter on a break and hold above 626.28 on the 1-hour chart, confirmed by increased volume.
Short Entry: Enter on a break below 622.43 on the 1-hour chart, confirmed by increased volume.
Stop Loss:
Long: Below the 10-hour EMA (~624–625).
Short: Above 626.28 or the 10-hour EMA if higher.
Targets:
Target 1: 626.28 (weekly high, conservative target for confirmation).
Target 2: 630 (projected based on market sentiment and historical patterns).
Target 3: 635 (extension of consolidation range, ~10.77 points above 626.28).
Risk-to-Reward
Long Trade (Entry at 626.50, Stop at 624):
Target 1 (626.28): Risk = 2.5 points, Reward = 0 (already hit), R:R = 0 (not viable for new entries).
Target 2 (630): Risk = 2.5 points, Reward = 3.5 points, R:R = 1.4:1.
Target 3 (635): Risk = 2.5 points, Reward = 8.5 points, R:R = 3.4:1.
Short Trade (Entry at 622, Stop at 626.28):
Target 1 (610): Risk = 4.28 points, Reward = 12 points, R:R = 2.8:1.
Minimum R:R: Aim for 2:1 or higher, favoring Target 3 (long) or Target 1 (short).
Trade Management
Initial Stop: Place stops below the 10-hour EMA for longs (~624) or above 626.28 for shorts.
Breakeven: Move stop to breakeven (entry price, e.g., 626.50 for longs) once Target 1 is hit to lock in a no-loss trade.
Trailing Stop: After Target 1, trail the stop 2 points below the 10-hour EMA or use a fixed 10-point trailing stop to capture further gains while limiting risk.
News
Key Events: The July 9, 2025, Trump tariff deadline could drive volatility. A resolution may fuel bullish momentum, while escalation could trigger a pullback.
Economic Data: Upcoming inflation data and Q2 earnings reports will influence SPY’s direction. A strong jobs report supports bullish sentiment, but overbought RSI (~70) suggests caution.
Market Sentiment: Traders on X anticipate a run to 630 if 626.28 breaks, but warn of a potential pullback to 615.51 or lower if support at 622.43 fails.

[Markets & Mayhem @Mayhem4Markets]

Pretty tame reaction to the cooler-than-expected CPI report in $SPX so far. Think we have room to move higher today, though.

[frankpeter2006 @frankpeter2006]

@iamJMinx How can I join. ? Do you have any promo code

[Stocktwits @Stocktwits]

Daily Rip Live fans know @StockSavvyShay is bearish on Buy Now, Pay Later...

Listen to @Affirm CFO Rob O'Hare's response to Shay's concerns about growth 👇

[Forexearlywarning @forexearly]

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[frankpeter2006 @frankpeter2006]

@tradingwiser When you are planning to do webinar

[Scott Redler @RedDogT3]

Crypto stocks flying premkt - big short squeeze

$WULF $CLSK $HUT $MSTR $COIN $RIOT $MARA $CORZ

We'll be trimming $IBIT in Power Plays this morning - https://t.co/5fmWQgfuj2

[frankpeter2006 @frankpeter2006]

@ProTrader_Mike Do we have to pay for any course teaching

[frankpeter2006 @frankpeter2006]

@ProTrader_Mike Like alert

[frankpeter2006 @frankpeter2006]

@ProTrader_Mike Do you have any trading room?

[frankpeter2006 @frankpeter2006]

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[frankpeter2006 @frankpeter2006]

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[frankpeter2006 @frankpeter2006]

I just joined the waitlist for Pheemu, check it out!

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[frankpeter2006 @frankpeter2006]

@tradingwiser Is it possible to record the session please