*disclaimer: Not financial advise. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am giving my personal opinions only. Always consult a professional for investment related advice and do your due diligence*
Hello everyone! I hope you’ve all had a relaxing weekend. There’s a lot to unpack for this upcoming week, so let’s get right to it…
$ES_F 2H (View Full)
I am bearish heading into this week. My primary count for $ES is a zigzag down to complete wave iv (could also be a larger degree wave(ii) flat). There are a few alternate paths, but in all likelihood we end up down towards 4100 this week, and 4000 next week at the latest.
$NQ_F 4H (View Full)
As with $ES, I believe $NQ is forming a zigzag down to complete the correction. There’s a chance it sneaks up to 13,650 before the hard selloff, but I think that’s a stretch. I am expecting a red day to start the week.
$ARKK 4H (View Full)
This recent bounce has been corrective in structure, I expect this to find one more selloff before a huge summer run to $160 +
Trade Setups:
$MRNA 4H (View Full)
Entry $171 | Target $133 | SL $188
Looking for one more push to enter short for wave c to $133.
$X 30m (View Full)
Entry $22.50 | Target: $35 | SL: $21.39
I’ve had a love/hate relationship with $X recently. I am looking for 3,4,5 down to finish this correction, and will enter long for a 4-6 week swing trade.
$TIGR 4H (View Full)
Entry: $19 | Target: $11 | SL: $23
A gap up into channel resistance would be a gift. If it happens, I will look short to $11
$CRWD 4H (View Full)
Entry: $216 | Target: $165 | SL: $226
Looking for a rejection at the channel resistance for a short entry down to $165
$LAZR 30m (View Full)
Entry $20.60 | Target: $26 | SL $19.88
I am already holding July calls, but I will consider adding some shorter dated contracts at $20.60… I will be extra cautious as I am overall bearish for the week, but will be watching for relative strength in this one.
$ABNB 2H (View Full)
Entry: $133 | Target: $147 | SL $129
I will also be looking for relative strength from $ABNB this week. It appears to be forming an impulse upwards, but with overall markets looking weak caution is necessary. If I see overall and/or relative strength I may take a quick long.
$TSLA 1H (View Full)
Entry: $608 | Target: $500 | SL: $635
Watching for a rejection from channel resistance to take a final short to $500, where I will buy the dip.
$UBER 4H (View Full)
Entry: $45 | Target: $56 | SL $43
So far $UBER looks impulsive. I will now look to buy the wave 2 pullback into the $44-$46 range.