4/24 Watchlist + Notes

23. Apr. 2023

SPY - I was neutral going into Friday, but I did mention my bias if I absolutely had to choose one was bearish. We barely broke under Thursday's low before ultimately closing back around the open level. This is pretty much what I was expecting Friday to look like, and now it opens up a great opportunity for the upcoming week. We have our 4th failed 2 on the daily with this one being a neutral candle, as well as a failed 2U on the weekly. This is the first weak weekly candle we have seen in a while, and it comes at an interesting level where we are fighting with previous weekly high resistance levels. I think this week will tell us whether we are going to reverse back under 400 or progress back up to the 420 and maybe 430 levels. We somewhat rejected the daily BF midpoint the last two sessions so I am thinking the daily chart could see a 2-2 reversal which may trigger a weekly 2-2 continuation, but at the same time if Monday is weak for SPY we could trigger a 2-2 reversal on the weekly. Overall I am neutral going into Monday, and I am more so just looking to see which way price breaks to. If I had to guess, I would say we break that midpoint and trigger the 2-2 weekly, but that is just my guess, and a guess only because of my longer term bearish bias.

Watchlist + Challenge Account info:
Account value: 46.98 (Only took one trade last week and it was a small Loss)

Weekly Setups For Swings:
W - 2-1
NOW - 3-1
HTHT - 3-1
MDB - 3-1
NFE - 2-1
AAL - 2-1
ETSY - 2-1
CRWD - 2-1

With the above mentioned tickers, just look for setups on the daily/hourly for swings. Setups on smaller time frames act as dominoes to create active setups on higher time frames, remember that.

Daily Setups: All shown in picture

Main Watch: ETSY
2-1 Weekly and Daily charts. Potentially at the bottom of a BF on the daily, looking for upside tomorrow and for the rest of the week

Previous Main Watch:
AAPL - Winner: Wanted downside and we got it. Opened much lower than short entry so we were not able to get in on this play, but seeing that we were correct with analysis is always a win in my books. Looking for AAPL to continue lower this week

Watchlist Stats From Last Week:
4/5 SPY predictions
2/6 Main Watch Plays
Top Winner: TSLA +15%

Personal Stats:
3/4 On The Week
Overall: Green
- Top Winner personally was T being +615%
- Swung ARKK puts over the weekend. (Super Small position)
- Been loving the swing setups and broadening formations a lot more lately. Seems to bring more success to my trading

Lets kill it again this week! Looking to really get the challenge account value up this week. Trying to hit 100$ by Friday