KhanPhelan

KhanPhelan

SPX testing the daily Volume Area Low. Volume Profile is in P-Shape - a lot of Buyers are accumulated there, if we break VOL to the downside, the Day will become bearish

KhanPhelan

Both inflation-linked economic releases today (Durable Goods & Home Sales) will influence the direction. With strong QQQ-Earnings begins after market close - expect a very volatile day. VIX is still high so +- 1.5% move in SPY is expected.

KhanPhelan

Strong performance yesterday and DEMA 200 is now in sight. With futures pushing towards 4500 we should have a good chance to test it this week or at least next.

KhanPhelan

For now a strong Volume- and at the same time Supply-Area from past week destroyed any breakout-attempt for now. That might change today after the strong TSLA-Earnings. Once there is no more Selling Power, QQQ can easily fill the first Gap above

KhanPhelan

With the overall good performance of IWM the past days we managed to end the day above weeklies POC. Futures look very promising, so i assume a test of the long-time support, now resistance area above.

KhanPhelan

Here are the Levels for the JPM "Collar-Trade" Roll, the latest from past Thursday. Although not "that" bullish like in Q4, a bit more upside for the upcoming 3 months may be priced in.

KhanPhelan

The big push yesterday broke through the former Supply-Area 452-4 - that should be our new Demand now. With green Pre-Market we should look at the next big resistance at 457 - with SPX at 4560 we should be able to test it today. House-Prices and a few FED-Speaker today, so trade carefully I expect a slightly bullish month-ending. HF-Manager need to report their...

KhanPhelan

After a very strong week, SPY is seeing resistance in the 452/3 Supply Area. A basing aroun 450 would be a bullish sign - the next big resistance is around 457 - was tested often prior to the big drop.

KhanPhelan

In a consolidation area, tends to be a bit more on the bullish side. Dividends on Wednesday - Historically a good sign for the chart.

KhanPhelan

Earnings ahead and already pushing during Pre-Market. Nice open POCs above and a lot of gaps to fill. Depending on Earnings this could skyrocket. Way safer would be selling before release.

KhanPhelan

Double Bottom still plays out. Needs to find support around 118.50/19, then we can expect a move higher. Psychological resistance at 125 - after that 130 in play

KhanPhelan

We are heading into Day 6 of the reversal-squeeze. Futures are slightly red and i would assume that the price needs to consolidate a bit/re-test the DEMA 100 and form a new Base. The next resistance above is a pretty strong one and i doubt that it will be broken today. Possible little Bull-Trap in the morning, so watch out.

KhanPhelan

See if it holds the trendline after a slight pullback. A lot of open POCs above

KhanPhelan

Sold my Calls towards market close on Friday to secure 45-70% Profit For now it looks like we could have a small pullback at open - will reconsider to rejoin the trade

KhanPhelan

InsideCandle on the Daily and nice AccumulationPhase. Financials lagged a bit last week. We still have a lot of open POCs above the current price

KhanPhelan

OPEX Day with a record number of expiring contracts. SPY ideally uses the 438-area / yesterday POC + DEMA 200 as new Support and holds it. Low volume day expected with some volatility - Past Fr/Mo were red, so be careful towards the close

KhanPhelan

After the runup post FOMC, Futures clipped again 437/8 Resistance and with not ideal news from russia we will likely re-test 432 today. OPEX tomorrow, so most of the big contracts will be rolled today to be safe. That happens usually with very low volume.

KhanPhelan

Continuation of reversal into uptrend. Several Resistance-Areas & open POCs are above the current price.