Member Update 10/20

*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*

Overview:

  • Both bearish and bullish counts still valid on the major indices, however the lack of any selling pressure combined with the amount of individual bullish setups increases the odds that the bull counts will play out. I am certainly not throwing out the bearish possibilities, but I will give an edge to the bulls for now.

$ES (View)

$ES Bearish Alt (View)

$NQ (View)

$NQ Bearish Alt (View)

$RTY (View)

$RTY Bearish Alt (View)

$ARKK (View)

Setups:

$LCID Long (View)

  • Setup: 1,2-1,2
  • Confluence: Demand + Fib Confluence
  • Trigger: 2H reversal from fib zone
  • Conditions: Indices confirmed/confirming bull count

$PDD Long (View)

  • Setup: 1,2-1,2
  • Confluence: N/A – Watching for Algo or RSI divergence
  • Trigger: 2H Reversal from fib zone
  • Conditions: Must be corrective structure down

$W Long (View)

  • Setup: 1,2 or A,B
  • Confluence: Macro correction complete with bullish divergence
  • Trigger: 2H reversal from fib zone
  • Conditions: Must be corrective structure down

$CHWY Long (View)

  • Setup: W4 Buy
  • Confluence: RSI
  • Trigger: 30m Reversal from fib zone
  • Conditions: Wave 4 must end below 65.40

$ZM Long (View)

  • Setup: 1,2 or A,B
  • Confluence: RSI divergence on prior low
  • Trigger: 2H Reversal from fib zone
  • Conditions: Must be corrective down, index strength

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