4/21 Watchlist + Notes

20 апр. 2023 г.

SPY - As mentioned on my list yesterday, I was cautiously bullish going into today due to the fact that we had a 2-2 reversal on the daily. We were not able to break highs of yesterday (Which I credit to bad ER from before the bell on big names like TSLA) and ended up opening lower on the day but fighting our way back up to fill premarket gaps before dropping back down again. Ended the day red with a failed 2D again for the 3rd failed 2 day in a row. Not really sure what to make of this as we head into Friday. We have a failed 2D which tells us we have a potential 2-2 reversal on the daily incoming if we break today's highs. We also could be targeting a 50% retrace of the previous weekly candle as we are currently in a failed 2U on the weekly. I think both upside and downside have potential for tomorrow for numerous reasons so with that all being said, I am neutral going into Friday's session. If I was truly forced to make a prediction on whether we go up or down tomorrow, I would say we have better odds of pushing to the downside. It is still nearly 50/50 in my opinion but for those of you who have experienced multiple friday sessions before, you know that anything can happen. Im open to playing both sides but I think downside does have more potential range if that is the direction we head tomorrow.

Challenge Account + Watchlist:
Value: 46.98 (No Change Today)

AAPL - 3-1 Daily (At top of potential BF so if we break to the downside that would be ideal)
UAL - 2-1 Daily
U - Broadening Formation

Main Watch:
AAPL - Really loving the potential on this play. 3-1s are always fun to play, but looking bigger than just the daily, we have a solid potential BF formed on the weekly. Looking to break to the downside tomorrow to maybe begin a downswing to the bottom of the BF.

Previous Main Watch:
CCL - Loser - broke lower on the daily and hit downside target. Wanted upside

Watchlist Stats:
3/4 SPY Predictions
1/5 Main Watch Plays
Top Winner: TSLA 15%

Personal Stats"
3/4 On the week
Overall: Heavy Green
- Swung T puts into today that ran over 600%
- Swinging ARKK puts for tomorrow and next week potentially
- Been doing 1 play a day and it has been working well

Finish the week strong everyone. Best of luck trading tomorrow!