Yourboydc

Yourboydc

Not sure which way TSLA is gonna pop at the moment but it is certainly squeezing up with a TTO, choppy choppy. Gonna be looking for #TheStrat to trigger entry on the weekly or for a actionable signal on the day chart

Yourboydc

Hope you made some money today. Lat time I showed how when we get to this level we normal have a massive dump off. Still held true all this time later.

Yourboydc

As discussed earlier we are heading into a choppy zone for SPY before a big break out. Today Finished as a failed 2 giving a good Put set up. However we know the that we are heading into a choppy zone. Scalps only using price action and wait for a clear set up. We are going to leave this zone. Not sure if we will break the top first or not though. I personally see...

Yourboydc

If we zoom out on the daily and look at the area SPY is getting ready to tap into we can see its entirely possible for it to break this tread line but buy doing so it will enter into a notoriously choppy zone. It could spend days there before having a break out and then it has the chance to go up or down after the chop. You can see here when it broke to the upside...

Yourboydc

Today ended up being massively bullish after FED Powell. Spy broke resistance and the daily broadening formation its been respecting for quite some time. But interestingly the bullish momentum stopped after almost touching the tread line. I'm very interested to see what tomorrow will bring. My Advice is to wait for a clear set up and then make a move after a...

Yourboydc

Looking to take ABNB for a 2-1-2 continuation on the daily to the downside. This already lines up nicely in FTFC with the weekly and monthly for the short play already. Although it is a one and can break to the upside I'm not neutral on it because of FTFC this late into the month and middle of week.

Yourboydc

DKNG has a nice 2-2 Rev on it that will trigger the flip of TFC on the weekly to give full TFC all the way to the monthly lining up. Looks like a good daily play for smaller accounts looking to grow with minimal financial risk.

Yourboydc

Looking at Calls tomorrow for MMM. It would switch TFC on the monthly to support it and the weekly by taking out PTs would also switch and become a failed 2. Entrys and PTs are marked for you.

Yourboydc

Looking at OXY tomorrow for the 2-2 Rev with the failed 2 using The Strat on the daily, TFC on the monthly supports it and the weekly still being and inside candle shows it has still lacked choosing a direction this week.

Yourboydc

Using the Broadening Formations from The Strat we can see that SPY is riding the top of the BF well, but even with FED mins coming out it still could not break resistance on the Daily. With that I expect SPY to chill around this area until next week or December at the next fed meeting. If you are in our group and read my write ups you know the real recession is...

Yourboydc

If you have been keeping up with my latest ideas you know I was betting on the 75 BPS and riding the exhaustion down off the Broadening Formation. Easy Claps with #TheSTRAT only using price action.

Yourboydc

Broadening formations are a great way to see when exhaustion is coming, $SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation

Yourboydc

Using The Strat we can easily see that SPY is at the top of a broadening formation. Lots of catalysts can make it break or reject right from it. Earning week as well as FED speaking about interest rates. If 75 BPS hike, we bounce off the BF and go lower. If FED Pivot, we Rally and break through this Broadening Formation.