TrueTraderOfficial

TrueTraderOfficial

MY LEVEL: 20.30 WHY: 200d SMA and whole number (psychological). Small miss in revenue but I like the look of this. Let's see if it holds $23. Has had strong support in this area.

TrueTraderOfficial

MY LEVEL: 191 WHY: QUARTERLY pivot, monthly pivot, 200d

TrueTraderOfficial

MY LEVEL: 101.30 WHY: Quarterly Pivot, prior support

TrueTraderOfficial

MY LEVEL: 120.35 WHY: Monthly Pivot, support areas. Playing this one safe. If we have a down day in the market I want to be prepared.

TrueTraderOfficial

MY LEVEL: 130.05 WHY: 50% Retrace from recent red to green move. That area is also about the ATR away from where it closed. Might gives us one more day of continuation. I'll take it off 130.05.

TrueTraderOfficial

MY LEVEL: 40.10 WHY: 200d, 20d, 2x Prior Day Lows. Great range (ATR $2.25). Will be a tight trade but can present great reward

TrueTraderOfficial

Ugly candle on Thursday and then rolled over midday Friday to give back most of the day’s gains as well. Thinking that under Friday’s lows and this can start to come in towards 45-46. Will wait for the break of Friday’s lows and then short pops to join trend.

TrueTraderOfficial

DollarTree isn’t there yet for me, but another day of selloff and I will probably be looking to get long this name for a bounce. The way it closed on lows Friday makes me think we might see one more puke lower. Will have to wait and see if she gives it to us.

TrueTraderOfficial

This is one from the previous week and has now triggered the reversal. The lows are either in or they aren’t, meaning your risk is 100% defined. Ready to buy dips for the swing back up towards the 20d with risk under the lows. Size accordingly.

TrueTraderOfficial

AMD triggered the long for me on Friday but never gave a dip to buy afterwards. So I’m still waiting for that dip. First area I would like to try to get long would be a retest of the trigger at 110. If that area doesn’t hold the next spot I would take my shot is the 20d. If we push strong off the open on Monday then I may look to buy dips and join trend.

TrueTraderOfficial

Love Friday’s daily candle and the fact that it bounced so strongly from that spot. Will be looking for either a dip towards 178 to scoop or if it wants to push off the open then I will look to join trend on dips.

TrueTraderOfficial

Remember how I ALWAYS remind you all that I don’t trade crypto, but I trade crypto-related equities? Yep. Here ya go. Action has looked really nice on this one as of late. Will be watching for early weakness to scoop. A 50% retrace of Friday’s move puts us right into the highs from Thursday around 38.5. There’s a chance any morning flush might not quite get there...

TrueTraderOfficial

Whereas Healthcare has been a strong sector but had a down week. Well, let’s look at the $XLV chart……pullback to support. So this may be a sector where you can possibly spot some strong names that are basing at support and look for pushes higher out of those bases.

TrueTraderOfficial

Check last week’s notes and you’ll see we found support right where it was expected. The move still looks like bulls are in control and barring any unforeseeable events, no reason why they can’t eventually get up there to test that 57000 area. I think that area will still take another 2-3 weeks to be tested, but our job is simply to follow the progression as it...

TrueTraderOfficial

Exact same thoughts from $ES can be applied to the $NQ. Support is below at the 20d/quarterly pivot at 15125ish, followed by the annual pivot at 14993 and below that you have the 50d. Above there is the monthly pivot at 15534.75 and then the quarterly pivot at 15704.25.

TrueTraderOfficial

And the ascent continues. The grind up has really just become mechanical at this point. Dips are very controlled and cause no real reason for longs to panic and if there are any macro shorts left then they are all just being slow-cooked to death at this point. The more this continues, the more I begin to feel like the only way this ends is in some sort of...

TrueTraderOfficial

MY 1st LEVEL: 112.50 WHY: Annual pivot and prior low. It closed close to highs days in a row and you see what it did. MY 2nd LEVEL: 114.16 WHY: 20d. Which is a 50-60% retrace from today's move. This level may be a starting point for me.

TrueTraderOfficial

MY LEVEL: 29.00 WHY: 20d and previous day low. I'm looking for a clear away (breakout) above 30.70.