TrueTraderOfficial

TrueTraderOfficial

Everything looks well intact, we got straight through that 53k level without any real challenge at all. Even when it did rollback, it retested that level and held. I think the next logical area is gonna be 59k to 60k. 60k is gonna be a large psychological level, after that we have ATHs. Everything looks good on the crypto space, keep watching for when we have...

TrueTraderOfficial

This chart obviously looks very similar to the $ES. We briefly breached the 14400 level but quickly reclaimed it. But since then the push back into the underside of the 20d have shown strong resistance. And is it really any surprise? You have the quarterly/annual/monthly stacked pivots all in that same area as well as the psychological 15k level. What I would like...

TrueTraderOfficial

It’s very important to always identify which timeframes we are extended on and which ones we are not. I do this by asking if we are extended from the 20sma or are we right on it? If we are far away from the 20sma, to me that signals that we are extended on that timeframe. It's pretty obvious on the monthly timeframe we are extended. Yes, there is substantial...

TrueTraderOfficial

Tech has pulled back to areas of support and I will be watching to see if the recent lows hold from here. If they can, we may be able to put in a nice base here and have the potential for some nice longs in the sector.

TrueTraderOfficial

Energy remains super strong and I still think it has the potential for more upside. You can see on $XLE that the $62 area is where I may think some resistance shows up. But if we pull back ahead of that, i still like the buying opps down around $51 (20d)

TrueTraderOfficial

My Level: Long off $21 Why: Previous low and daily trendline Coming back into a pocket around $21 which is right into the trendline on the daily

TrueTraderOfficial

My Level: Long off $94.60 Why: Annual pivot and Previous low Provided nice opportunity last time when it came off annual pivot, so looking for the same this time. Maybe make a double bottom and push back up

TrueTraderOfficial

My Level: Long off $101.25 Why: Prior Quarterly pivot & 65% Fibonacci retrace level Had a really strong day today, closed on highs. Watching it off 100 for a few days or so, if market shows some strength tomorrow I think $AMD might be good for a join around that $101 level

TrueTraderOfficial

My Level: Long off $130 & $129 Why: $130 is Prior monthly and you have a monthly pivot and quarterly around $129 When this stock was down around $125, I told how ridiculously oversold the name is, was on my #midweekwatch few weeks back. Want to see the action on it tomorrow, stayed really heavy all day. Hoping for a continuation tomorrow. Doesn’t mean it cannot...

TrueTraderOfficial

My Level: Long off $125.30 Why: Previous low, 200D & Annual Pivot This name is little bit oversold. You can see 200D is at $125.30 and Annual pivot is at $125.15

TrueTraderOfficial

Long off $21.10 Why: Previous low, Quarterly pivot and 50D SMA comments: Macy's is an interesting name, has a nice trend on the daily which lines up with my level if you draw a trendline. Been pretty strong since earnings, now pulled back a little. What im looking for is a higher low off this level

TrueTraderOfficial

My Level: Long off $101.10 Why: Previous low and also a monthly pivot Held the VWAP all day long. Hoping for another leg up tomorrow

TrueTraderOfficial

My Level: Long off $164.40 Why: Previous low, closed above 50D SMA and has a higher low on the daily It has based around 155s area and made a nice higher low off 50D SMA

TrueTraderOfficial

My Level: Long off $102 Why: Previous lows, 200D SMA, Monthly & Quarterly pivot Closed above the 50D SMA. I don’t know if the market is gonna gap up or down tomorrow. I want to be prepared if it comes into 200D SMA, I wanna be live there

TrueTraderOfficial

My Level: Long off $40.45 Why: Quarterly pivot, 50% retrace from today’s action and 50D SMA Looking for little bit of retrace, closed on highs. If it clears $41 can head into the next consolidation area around mid $42s. Not a huge ATR, but could provide a nice opportunity

TrueTraderOfficial Updated 

Kind of trying to possibly position for a swing, but think there are some day trades in here as well. Early weakness and I may look to scoop between 44.3 annual pivot and 43.8

TrueTraderOfficial Updated 

Bitcoin. What I use to gauge the crypto currency market in general. I didnt expect this to be back at 48k so fast. The speed of this gets me thinking we’ll see BTC go higher. 53k is the first level of resistance. 40k is the psychological low level of support.

TrueTraderOfficial Updated 

Strong name that had a deep pullback from the extension. Down about 15% from highs right into the weekly 20sma. Looking to scoop weakness with risk against Friday’s lows. 154.50-155 is the area I’m interested in. This has a lot of room to move back up if we are catching the turn here. I think 160 is possible the same day and 165-168 within a week or 2. Remember,...