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[SP500, QQQ, TSLA, AAPL]
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#stocks #stockmarket #investing
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MY FAVORITE DAY TRADING BOOK
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My Studio Equipment:
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📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
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How I pick Stocks:
https://youtu.be/O5yWKChL44E
How To Make $500 A Day:
https://youtu.be/OOSpjACXKD8
How To Trade Stocks:
https://youtu.be/f5RuDrFQj0w
How To Trade Call and Put Options on ThinkorSwim:
https://youtu.be/f5RuDrFQj0w
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
[SP500, QQQ, TSLA, AAPL]
In to this's video, we're going to discuss the overall Market Once again, it made a massive move last week on Friday and we're going to discuss what to expect for next week. I'm also going to be sharing with youall some stocks to keep on watch for tomorrow. All right, let's dive right into the charts Right off the bat. we got the Spy over here and in the last few videos I have been giving y'all warnings about how the bottoming process of the Spy can be extremely choppy.
All right, and that's what we've been seeing. First, we had the initial drop on the third, followed by some Chop on uh Wednesday Thursday and then even on Friday before we had a massage search upwards. All right now again, the chop is due to this gap on the weekly chart getting fil I Warned you guys about this Gap all since we were at 4500 and now that we got here here has been very, very choppy and that's expected. and that's expected Again, day trading is a lot more favored than swing trading during these types of price action.
All right Now, before we even talk about what's um, what to expect next week, let's look at exactly why the reason why the massive surge happened to begin with. Um I gave yall I think in my in my previous video I gave you Guys Guys I showed you guys this B flag right here that I was Wasing For a break it took like an extra day to finally to finally break out and run. All right, we're going to zoom deeply into the chart. that way you can see the patterns from from the small time frame to the big time frame.
All right. Now an opportunity that Y'all could have taken advantage of happen on the Spy. We're going to go on the Spy itself like not the Spy Futures Just spy. All right now with spy.
The first opportunity was only 1 minute. The the pattern was very small, but it was still. It was still there. all right.
And it's right over here and it's quite consistent with a few stocks um, that started running at the same time. The first one was right there. There was this bull flag right there, all right after the Dra drop. We had the B flag and then we had the breakout right here.
All right. Now this is for the Spy. Now let's look at. QQ QQ QQ had something slightly different.
It had it had a bullish rectangle on here, not quite as slanted. This one is a bit more horizontal all right, but the structure is still there. Two patterns on two different indices and it started running at the exact same time right when the morning. High I broke right here.
I actually missed I Missed the initial entry on this one I Was expecting that it would break out, but I didn't get in I didn't take a trade at at this specific time I missed it So I was just looking for anything else to take a day trade on. and as I was looking for stuff I looked at the third indices and the third indices. Again, we got the actually the fourth, we got the five, we got Kikq, we got the Dow Jones and then we got the Russo All right and the Russo. The Russia showed us this thing right here. we're going to zoom in and I was looking at the Russell after I missed out on the initial move at around 9:30 I was waiting to see if it would show something nice and it actually it definitely did. It definitely definitely did right at 10:05 I was watching this thing again. this is how it was playing out. I was watching it for a break of that 171.5 on the one minute chart.
This is in the Sing Triangle all right and as soon as this thing actually popped up, I ended up getting calls on this one. I ended up getting calls right over here at at 1010. Um, I got the 172 calls that expired on Monday for 70s the price Target on this one was 172 and A5 and I held and I held and I started selling at$ 1030 for $1 for $100 per contract and then at 1045 I ended up getting rid of it, rid of all of my contracts for for $170 when it got really, really close to the price Target Right over here, All right. So when this thing got to 173, I ended up getting out right here I missed the top by around by 80 cents.
But that's all right though. again. I thought it would be peing at 173, but it went a little bit higher before, um, chopping sideways. So these are the few opportunities that occurred and why the overall Market was just running higher and higher and higher.
Um, another setup that uh showed itself on Friday was Microsoft's Microsoft had this thing right there. all right. So this is Microsoft They had a bullish pet on here and this one quite simple. quite easy when everything started to just run.
This one also took off and it and it's this one actually ran throughout the whole day. It has more room to go, but it has to take a little bit of a dive. and I say that because again, if you look at the endes the endes are down by like 0.78% Therefore, Microsoft is probably going to open at like 3:24 All right, and initially in the morning. what I do expect is for anybody who is still holding long on Microsoft who got super super greedy.
um I expect them to kind of panic and that Panic is going to lead to a sharp drop to 320 again. I expect a retest of that Top Line Right over here before we see some type of Bounce right from 320 and back up to 325. and I expect the market to just play some games again. after these massive moves like we've seen on Friday, it's not uncommon for us to see like two or three consecutive dois.
all right. So tomorrow Tuesday might be dois like if if we're lucky enough to see a nice setup um to the bullish or the bearish side then we might see another big candle. but I'm I'm I'm leaning more towards a DOI where the the range of the stocks are not that massive, at least not compared to the one that we've seen on Friday. All right, so that's that's my thoughts on Microsoft and the opportunity that was on Microsoft Again, for those of you who maybe knew to trading and it be new to um to trading patterns again, that's kind of what I was seeing on Friday Let's look at let's look at another setup. Another setup was on Tesla and Tesla again this one I gave you guys um on on Wednesday I Told you guys to watch this one for a long to set your alerts at 250 and if that was to break out then we could see a run to 257 and A2 it went all the way up to 262 and then dropped to the upper line right here. Again, you see this right there. This is what I'm expecting for Microsoft Microsoft Had this move right here and right now the Futures are down so expect meos to test the line before potentially seeing the bounce. It might chop a little bit just like this one before presenting an opportunity for a bounce.
All right and that and let's just zoom into Tesla So Tesla Again, this is the type of opportunities that I'm talking about. This one had a bullish penit on Friday another day trading opportunity just in case you miss the entries on like the other ones. Again, as the day goes by, like new opportunities just keep showing up and giving Longs new opportunities to get in for a day trade. So this one was another one.
Where is Tesla going to go? I think Tesla I think Tesla has room to run but it won't run tomorrow again. I think it's going to run on Tuesday set your alerts at 264 maybe even lower like at 263 and just wait for the Bell to ring. If we have a dip tomorrow, it's not going to be that that deep. It's not going to drop to 250 like it's probably going to stop right here at 255 before we bounce again.
and I think it's just going to cook until that alert rings. and when that? Rings These short sellers right here are going to get very, very worried and the one who are quick to realize that, um, the price is about to test 275, they're going to start covering and then like it's kind of going to be a self-fulfilling prophecy where the price is actually going to get to 275 and potentially to a squeeze like a little pop to 280. So so watch Tesla At some point this week it's going to break 264 and run to 275. I Don't know exactly when.
Again, that's why I'm making this vide to get you guys prepared for that. All right Now the last St that I want to discuss in today's video that one is showing a bullish penet on The Daily is xev and Xev is looking like this. All right? Um, it's it broke out I Think this is last week. Yeah, it broke out over between I think this the Thursday and a Friday Yeah, it broke out between a Thursday and a Frid of two weeks ago.
Played a whole lot of games throughout last week, right? and now it looks like it actually want to start making its move. So keep this one on watch for a move to $20 I Don't know when it's going to get there, but it hasn't failed yet for me to be bearish on it, the broke out is holding that line. It just needs a little bit more volume in other to get to 20 bucks and maybe even higher. All right. So um, that's Xev. There is one more. there's one more stock. um I Forgot to mention P has earnings and P took a dive.
This one is looking quite nice. It's looking nice, but at the same time you have to be cautious. Earnings is right around the corner. Like the best case scenario is that it doesn't move at all.
The best case scenario, like if it doesn't move and it just stays between 158 and 160 for after earnings. If it holds that price, then expect a bounce. Again, this is very oversold so keep this one in watch. Just like again, keep Disney on watch.
I've mentioned that one last week when it was at like 80 $81 and it's at $83 Right now, it ended up the week strong. So I don't think it's that quite done yet and I don't think Pepsi is also done. So I think the rebounds on these two are coming soon. So that's my thoughts on all of these stocks.
and that is the end of the video. Again, do not forget to demolish the like button. As always, don't forget to subscribe if you haven't done so already. if you like to be part of private.
Discord Community You can find that as the first link in the description of the video below. Um, if you haven't, follow me on social media, you can find me at Pauma Anology Lab on Instagram and on Twitter And lastly, if you're interested in getting some free stocks with Weeble you can use the third link in the description of the video Below On ladies gentlemen, my name is Paul GMA with P Anology Lab where we trade patterns and patterns only and I will see all of you in the next video.
I like the Pep Chart ….. looks like its due for a turn around…
Hey Great Call on NIO, Not!
Trading on the 1 minute chart is psychotic behavior
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