Francis_Trdz

Francis_Trdz

AMEX:SPY broke above the flag on the 4H and the next resistance is the 580 defined by the trendline. There is also a lot of call flow for 580 expiring this October 25th so that will be a Unless Bears can smash it below 572, the trade idea still stands The 580 will also take it over the monthly bollinger bands and setup the market for a nice reversal

Francis_Trdz Updated 

NVDA got rejected by the top trendline and is trudging towards the lower breakout trendline. I expect it to bounce there back to the 120 region.

Francis_Trdz

NVDA sharply dipped down and bounced at the support line drawn from all time highs. If NVDA can build a base and recapture 111, 125 might be in play.

Francis_Trdz

LLY has had a good quarter and is rebounding after a sell off due to it being over extended, the a break over 775 in the coming days can send it easily to 795 and perhaps the psychological 800 mark.

Francis_Trdz

#bitcoin is clearly in an uptrend channel. If you look at the 4 hour it is inching up towards 40k where it should hit the top of channel resistance and also the psychological resistance of 40k resulting in a pullback to 38k. This would also reset the weekly rsi which is very overbought right now

Francis_Trdz

TSLA is getting read to break out. A break above the flag will send it to 195 and then eventually 230 as a final target. There was also heavy call flow with a strike for 207.5 so thats a definite target

Francis_Trdz Updated 

With the banking crisis, while the smaller banks are getting hammered, keep an eye on the larger ones too. I would start a short under 325 with intial targets of 320 and if 319 breaks then the neckline of 305.

Francis_Trdz

Waiting for a break of the bear flag on the 4 hour. Once that breaks decisively 155, 152 and 148 should hit in short time. The stock is pretty oversold though so expect some heavy support around the 161 mark

Francis_Trdz

Would love a retest and reject of the flag at 40.85 to a final target of 39

Francis_Trdz

Tesla gapped down significantly after earnings and bounced a little to get back to 165. However looking at the hourly chart its still forming a weak bear flag. I anticipate consolidation here for a little while and then a push down to 154 and final target of 145.

Francis_Trdz

Had a breakout from the symmetrical triangle, also had relative strength on a choppy day. Trade idea : LULU > 374 target 380