Hi all, a quick update for you all. $ES_F showing some bearish divergence so stay vigilant. Divergence doesn’t necessarily mean an immediate drop, but it has to be resolved at some point. I’m not looking to take too many trades tomorrow, unless $ES_F becomes more clear.
*DISCLAIMER: Not financial advice. I am not a certified financial advisor. The ideas shown in this newsletter are representative of my personal opinions and should not be interpreted as a buy or sell signal. Always do your own proper research and understand the risk before making an investment*
Set Ups Recap:
$AMD Long: Passed, still developing. Set up still valid
$BABA Long (swing trade from Wednesday): Winner, +3.4% bounce. I caught 275c with the trading group for a nice profit
$SPCE Long: Passed, set up still developing
Set Ups for 12/4
Looking like wave (v) of 3 has started. I am preparing to go long around $42.50 for the start of subwave iii of (v).
*Clarification in the second chart- the orange (i)-(iv) are sub waves of yellow (v) and should be labeled i, ii, iii, iv*
Watching $AMZN tomorrow for a possible scalp opportunity. $AMZN has been painfully slow lately but it could breakout very soon.
If you’re interested in live alerts, Q&A and more detailed set ups check out my new trading group! Remember, don’t force any trades, let the set ups come to you! If the set up does not develop, don’t chase… That is a sure fire way to lose money. There will always be another set up right around the corner!