*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 and $NQ are both in wave 5 following the long consolidation for wave 4… I would expect a strong gap up at the cash open tomorrow. Many times in the last year we’ve seen how a Monday (Tuesday in this case) gap up turns out – often those who have chased it get crushed. History may not repeat itself, but it is something to keep in mind. $RTY appears to be starting it’s move down slightly ahead of $ES and $NQ, which is a fairly common divergence. I will be looking for a break below 2277 to confirm the move down. My goal is to remain nimble until the reversal is confirmed. I will be watching mostly short setups, but I also have my eyes on a few quick longs.
$ES (View)
$NQ (View)
$RTY (View)
Setups:
$AMD (View)
- Looking for a bounce off the .618 for a move to $112+. $ES and $NQ will be a key factor in determining what happens after $112.
$ABNB (View)
- Looking for a break of the trend-line to kick off wave C. This is also a PMG on the daily for all you ‘Strat’ enthusiests
$BA (View)
- Watching for a break below $217.48 to enter short with targets of $210 and $204
$FB (View)
- Watching for a rejection near $380 to start a move to $370
$MRNA (View)
- Major short opportunity setting up. I will be looking for a reversal from $450