Trades & Gains Weekly Analysis
Jan 6 2023
SPY 0.00%↑ 1D
$SPY - 4H
CALLS: 1/6 $390C
ENTRY: Above $385
PT1: $388
PT2: $390
PT3: $394
SL: Below $383
PUTS: 1/20 $380P
ENTRY: Below $381
PT1: $377
PT2: $374
PT3: $368
SL: above 4383
Bearish RSI on 1M
EMA 8/21 converging for a move down.(1 Month)
4H is at the EMA50 where we have seen strong rejections before
Small gap above $384 to $388
Bullish RSI on 30min + 5min
Price looks to be consolidating in a Bear Pennant.
If we breakout bearish of this pennant I have ~4 mo PT of ~$307
• Measured move Leg Down from 8/16 to 10/1
CALLS: 1/13 $130C
ENTRY: Above $127
PT1: $130
PT2: $136
PT3: $140 SL: Below $123
PUTS: 1/20 $120P
ENTRY: Below $120
PT1: $117
PT2: $115
PT3: $110
SL: Above $122 Price testing 200EMA on 30 min RSI(29) trying to break from oversold on 1D RSI Overbought RSI on 5min(75) RSI Breaking towards overbought on 30 min(62) MACD Curling Up Q4 deliveries out - missed expectations but still another record breaking quarter.
CALLS: 1/13 $135C
ENTRY: Above $132
PT1: $133
PT2: $136
PT3: $139
SL: Below $130
PUTS: 1/20 $130P
ENTRY: Below $129
PT1: $128
PT2: $127
PT3: $126
SL: Above $130
Testing 200 EMA on 30 min
Bullish RSI on 30Min(63) + 5Min(52)
Bullish Hammer print on 1W
1D MACD showing selling sell momentum, with signal line curling up
Very defined levels on this chart.