Trade Ideas

High beta post meltdown

NOTE: The charts below are all 15-min candles. $SPY lower highs and lower lows. As simple as that. To the bulls credit we did manage to basically recover Mondays lows and the 155.1 pivot by the end of the day but we’re clearly still in this downtrend on the 15 minute. If we can hold…

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Your high beta analysis for monday

$SPY Have to be bullish here given Fridays action. The bears surely probed the downside in the morning but a strong rally off the lows and close at the highs negates all or most of the bears effort. Might need to go sideways here a bit at 158.8ish resistance but MM gets us back near…

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What I am doing with the apple I bought

Continuation of ,  Why I am buying apple on Monday So far we have a successful price reversal at our anticipated inflection point and things are looking good (knock on wood). As I mentioned in the previous post I bought 1/3ish size on friday aftermarket at 525.24 and I added up to a full position…

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Why I am buying apple on Monday

Here’s why I am looking to buy AAPL on Monday. Inverted head and shoulders setup seen above on a 240 minute chart. 518 – 525 is the buy zone I am anticipating a long entry. 61.8% retracement from the 504.75 low to 555 ripper we saw this week comes in about 524. Previous swing point…

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