Members Update 8/5

*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:

$ES

$NQ

$RTY

Setups:

$RBLX

  • Possible short opportunity. I’m watching the 8/13 $79P on a break of $79.97

$AMZN

  • 0 DTE setup: 3430c on a break of 3385

$WISH

  • The risk reward to the upside is too good to pass up… I will be entering 8/20 $10c on a break of today’s high

$PTON

  • Looking for a drop into the $118-$119 range to enter long for a move to $126

$SNAP

  • Today we saw a backtest and bounce, at which point I entered long. However, I noticed some low time frame divergence which, along with the fact that the pullback was extremely quick, led me to believe it was only a subwave 4 of 1. I expect the wave 2 to start tomorrow and move towards $75 where a nice swing entry may be found

$PDD

  • I will enter shares on the break of $92.73 with stops at the wave 2 low

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