TrueTraderOfficial

TrueTraderOfficial

MY LEVEL: 122.20 WHY: Just below the 50d and previous day low.

TrueTraderOfficial

MY LEVEL: 35.80 WHY: Right off Quarterly Pivot and support area. Same as $JWN if it holds 8/25's lows I might trade off that level.

TrueTraderOfficial

MY LEVEL: 30.00 WHY: Numbers (guidance, top and bottom line, coverage, etc) look good. This feels similar to #STX earlier this week. Should find support off the whole number. If not 30.84.

TrueTraderOfficial

MY LEVEL: 116.10 WHY: This has been a strong name. Look at the trend. I'm looking for a pull back into the trend.

TrueTraderOfficial

MY LEVEL: 73.50 WHY: Holding support area for 3 days in a row.

TrueTraderOfficial

MY LEVEL: 27.00 - 27.20 WHY: It's hugging the 20d. I don't like that it closed on lows. I take notice that. When it closes on lows I look for weakness the next day. I'm going to watch the action to see if it holds the 27.20 area. If I'm risking a dime or a quarter on a name like US Steel it could be a really great risk reward type play. $1.40 ATR so decent range.

TrueTraderOfficial

MY LEVEL: 34.10 WHY: Above the 50d. As long as it stays above the 50d it could be a good trade.

TrueTraderOfficial

Off the previous low (27.87) and Annual Pivot. I wanted to see it make a higher low and need to see if it will clear the previous highs.

TrueTraderOfficial

Keeping this one on watch for a hard shove towards 97-100.

TrueTraderOfficial

Honestly would like this to get higher and look more extreme, but you have to look at historically how this name has acted every time it’s pulled away from the 20d in this fashion. Will watch for intraday lower highs to show signs of weakness and the ability to have defined risk. If it can somehow extend further, I will be stalking for the same thing. Always be...

TrueTraderOfficial

This was in the Sunday Prep 2 weeks ago for a short and so far it’s come in quite nicely. Would prefer pops back into resistance to hammer short, but if we were to break 113.27 I would probably start shorting pops joining trend. Michael Burry recently came out publicly about being short this and if I had to pick between him and Cathie Wood, it’s really a...

TrueTraderOfficial

Another chart flirting with a nasty short trigger if it were to lose 24.52. If that happens I will definitely be looking to join trend. It should have room down to 19 at least (near-term). If it pops to the underside of the 20d, I will hit that as well.

TrueTraderOfficial

This is flirting with a major breakdown if it loses July’s lows. I have an alert set for if we breach those levels so that I can look to join trend. But if we were to pop back towards the 20d at any point in the next week I will look to fade that pop.

TrueTraderOfficial

Really impressive how far this has come in. Typically I keep china names off the Sunday Prep, but I think this is becoming quite the opportunity. We have now retraced to the 61.8% fib level Will be watching for capitulation down into that quarterly pivot area of 144-145. It may gap up in which case I will possibly look to get long and risk Friday’s lows.

TrueTraderOfficial

This is straight from last week’s Sunday Prep. Same idea, still looking for that 22-23 to see if a hard flush down there holds for a bounce play.

TrueTraderOfficial

Straight from the sector analysis section, financial sector looks like it’s pulled back to support and this name is simultaneously retesting it’s recent breakout area as well as the 20d/monthly pivot. Will look to get long with risk under Friday’s lows.

TrueTraderOfficial

After the big pullback from earnings this chart is looking a lot nicer now. Of course I would prefer a longer base to be built. But we don’t always get what we want. I can really see this being 220-225 near-term. Looking for a quick pullback/morning weakness to put us right in that 202 area for a scoop. If instead wants to gap up or just push hard off the open, I...

TrueTraderOfficial

Bitcoin staying bullish here with continued higher lows followed by higher highs. We are now testing that ever-so important psychological level, 50k. If they can get through here and continue to push, the next area of interest is the quarterly pivot at 57k which is a retest of the last long trigger it had before the big fail that resulted in the crypto rolling...