*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Futures:
- Still in the range, but looking bullish… I think 4470 is in play this week if all goes well
- I am planning to enter long on the next dip!
- A possible 1,2-1,2 setup on $RTY indicates a massive move coming. If today’s low can hold, I expect a huge run from small caps into/during earnings next week.
Setups:
- A strong bounce from the .786 fib today should start wave 3 up towards $86. I am looking for a sub-wave 2 tomorrow to enter long for 3 of 3 targeting the gap fill at $81.72.
- Looking for a potential short on $X if there’s a bearish reversal. I will be watching for either a 1,2 down or a break below $25.40
- Possible nested 1,2s on everyone’s favorite stock… If there’s some strength tomorrow above 22.37 I’ll look to enter 8/13 calls with targets of $23 and $24.25
- I’ve been thrown around by $PTON over the last week, so I’m reluctant to take another trade… but, this setup is extremely high quality (nested 1,2s + a flag breakout & retest). If there’s a break above $120.59 I will enter calls with a target of $127 and $131.
- Watching for a dip into the $85 range followed by an impulsive bounce
- Expecting one more dip before earnings, one that I will buy. Watching the $47 area to load up
- $NVDA rejected at a very interesting spot today to form a possible X wave… This setup will be my go to if $ES/$NQ/$RTY flip bearish, otherwise I will probably pass on it
GREAT JOB