Ok one more setup before bedtime. $ROKU (2H) short setup $ROKU (15min) also with short term ascending channel resistance riding into the larger channel resistance and supply zone at 131

Im entering swing position with profits $SPY daily $ES_F (daily)

$ES_F (1H) is currently -23 points, good win for those holding $SPY puts with me form yesterday.. and looking constructive for bears following overnight breakdown of H&S and ascending channel. Currently backtesting, if it holds, should see bottom of the sideways channel. Remember always progressively lock in profits.

$ES_F we got some playable pullbacks this morning for gains if you locked. As I posted on twitter, I entered $SPY puts moments ago for a swing trade using the red channel as my stop. A strong close above on 1H or 4H would be my stop. Expecting a failure here and pb towards the …

6/23/2020 afternoon update Read More »

$ES_F (4H) we may be at the top here. Lots of confluence of channel resistances. I am currently short ES with stop at highs I will scale into $SPY puts. Buy in layers as we may chop around at open

$ES_F Approaching 4H RBD (rally-base-drop) supply zone along with descending channel and ascending channel triple resistance confluence at 3125.25 Very high chance we get a pullback there. $ES_F 1H

$ES_F (daily) We had the bearish close on friday once again holding below short term descending channel. I remain bearish until proven otherwise and will look to short on rallies. $ES_F had a nice move -40 point move down after 3067 support breakdown. I mentioned it was a big level on friday.. however the big …

6.22.2020 AM Read More »

Im not going to post a ton of setups because of monthly opex tomorrow. If you decide to trade, its best to focus on the indices or 1 or 2 charts. Play smaller size than normal. Goal on opex days is to not lose money. Good idea to sit out as well especially if youve …

6/18/2020 PM Read More »

$ES_F (4H) with a little rally overnight but still failing to break above channel, wicking back inside ATM. As I mentioned Im holding $SPY jun26 307puts at 5.07 1/2 position, will look to add. If we close 4H above the channel, I will take a loss. Also the H&S is now broken but double top …

6/17/2020 AM update Read More »

I took a short position here at top of channel with stop at the highs. Negative divergence here in the 30min chart