Spitfire Trades

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🐐

[bwatts  @_bwatts_]

$SPY 754 calls printed 42 and 51% 💰

[bwatts  @_bwatts_]

$NVDA Mean reversion near completion from the June 9 low.

Nvidia just arrived at weekly resistance (200.63 - 203.08). Inside weekly resistance is the downward sloping 20-day sma. The 20-day sma has been resistance since June 4.

If Nvidia can push through weekly resistance and reclaim the 20-day sma:
- Gap and gap fill: 203.77 - 207.72
- ATH AVWAP: Currently 210.50
- PoC for the downtrend: Approx. 216.00
- Daily resistance: 221.60 - 222.82

Good luck.

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🔥🔥

[bwatts  @_bwatts_]

$QQQ 7/9 $702 Puts paid 26%
For this trade I was watching yesterday's top dark pool zone, $846M (709.43 - 709.69).
Over for upside. Rejection for downside.
We got a rejection.
Target was a back test of the reclaimed 702.82 previous low.

[bwatts  @_bwatts_]

$TSLA 7/8 $400 puts paid 32%.

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🔥🔥🔥

[bwatts  @_bwatts_]

$SPY $747 puts printed 30% and 88% 💰

[Spitfire Trades @SpitfireTrades]

@_bwatts_ These are legit 🔥

[bwatts  @_bwatts_]

Gap up to start the week. This ate up a lot of the upside available for today's bull trigger trade idea. After watching for about 30 minutes, it was clear 750 was still the target for today. Took $SPY 750 calls and printed 35%.

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🔥🔥

[bwatts  @_bwatts_]

$SPY with a $10 bounce from 740.25.
Back up to the daily bearish imbalance. Over this tests the downtrend channel upper resistance.
A breakout targets 754.29 - 758.17. Over that is ATH.
A rejection here can see a pullback to the 4 AVWAPS (one anchored to each pivot of this channel). All are aligned between 741s and 742s and slightly curling upwards. Possible they can meet price higher than where they are currently.
Discount is still sitting at 733.91. Another high will move this level with it.

[bwatts  @_bwatts_]

$SPY 740.25 - 739.90 ✅
Another perfect follow through. Shared here in advance. This update told the story (https://t.co/lOfIGf1wmd).
Discount for this range shifted to $733.91. A 4-hour close below 739.90 and that discount level is next primary target.
There will be some new resistance levels after today's close. Those will be useful next week. Always possible to see a bounce before downside continuation. Maybe I'll share them Monday.

[bwatts  @_bwatts_]

$MU next area of interest is 960.19 - 957.48 🧲

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🔥🔥

[bwatts  @_bwatts_]

Was anyone else looking for $TSLA to roll over? Shared the setup yesterday morning. Today, 🩸
I was only looking for $400. It's still selling. Needs to reclaim the 20-day sma or possible to test previous low 368.50.
Everyone on this platform said today is the most bullish day ever for stocks.. Good luck out there.

[bwatts  @_bwatts_]

$SPY 750 calls printed. Profits at 21% and 50%. Done for the day.

As always, game plan shared the night before. My bull trigger fired premarket. We opened over the 746.77 – 747.14 DP Zone and got a back test at open for a perfect entry 🤝

Continuation looks for today's range high of $752.00

[Spitfire Trades @SpitfireTrades]

@_bwatts_ 🔥🔥

[bwatts  @_bwatts_]

$SPY 748.23 - 749.88 🎯
740.25 - 739.90 is an area of interest next pullback.
Based on the current high, discount for this range starts at $733.00. This will shift higher if we see more upside before a pullback.

[bwatts  @_bwatts_]

Two $SPY trades today. Puts then calls. Both printed 💰