Raylbc27

#ES #SPX #SP500 Ok so we have rallied about 500 points since we called the short term bottom. Now after three solid days up we are nearing the 20SMA at 2640 area, this was our target but we can still head to 2700 but I think we atleast get a pullback here is not the turn around, but we shall see if tomorrows Vote is a sell the News experience or a hard rally. I am betting on the sell the news but we shall see. If we do turn back down we can see 2400 then 2300 and 2100 before we see below 2000.

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Raylbc27

#SPY Popped out of this falling wedge as we anticipated and now we are headed back up towards 248.20, 258.80, 265 and eventually I believe 272.50 area. Then we will find a top around that 270-280 area and we will head back down to take out 200 and drop towards 190-195 area. But until then lets buy the dips towards 270 and be confident that this isn't the bottom but its a short term bottom. We will see people saying this is the bottom.

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Raylbc27

#TSLA looking to be cut in HALF almost from yesterdays close and headed to 600 next week then 500 and 400. Downtrending channel on the daily chart, broke the uptrend and backtested it to confirm downside. once it breaks 680 that is going to be all she wrote, it will fall hard into 640, then 600 and 500-485. Then MAYBE headed to 400-375 area.

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Raylbc27

#NVDA Daily downtrending channel, looks good and looks to be setting up more downside towards 240-230 area, some strong support at 245 but I think this one goes to atleast 238-240 level and would actually not be surprised if it went down to 203 level and tested that 200SMA and monthly support 1 more time. I would be a buyer there. For short term I believe NVDA will head lower but it can pop Monday or over the weekend and form a head and shoulders pattern. Which can take it down to 250 and 241. If this pops Monday I would like to se rejection at 268-272 level for loading up puts to 245-240 area

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Raylbc27

#ES #SPX #SP500 Grinding lower on this downtrend and below support of 2984.65 But we do have the JOB report tomorrow morning before open and if that is good that can pop the market back up, so be cautious. if the Jobs report is not good, then this head lower towards 2900.

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Raylbc27

#FB This one can head lower towards 170 and 160 if this one breaks 181.80. We are in a downtrend and hit a possible dowel top on the monthly chart. Looks like less resistance tp the downside

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Raylbc27

#ES #SPX #SP500 This one hit the top of the bullish channel on the Monthly chart sold off and is now catching support on the midline channel and monthly support, but can this be the BULLTRAP bounce? it could be, now Im still bullish towards 3156-3190 area major target is 3172 for that downtrend to hit. Im anticipating that downtrend to hit at 3172 and then have that be strong resistance. Then we can go down towards 2700-2600 to test the lower end of the channel and the 200SMA weekly and 50SMA monthly. That is still a big possibility. We will see how this week goes but I maintain my bullishness this week and then I will be more cautious after this week.

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Raylbc27

#SPY Held monthly support at 298.85 and also the channel on th 4HR chart, if it continues to hold here we can push back up towards 304.50, 308 and 313, but if wee lose that support o 298.85 and the channel, we will fall back to 295, then 290 and main target is 270-260 which would be the bottom of the bullish channel on the monthly chart.

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Raylbc27

#ES #SPX #SP500 Currently Holding 2850 and Looks like its basing around 2950, this looks like its setting up for a short rally towards 3028 and 3060, before resistance comes in, with support at 2951. Now if that support is lost then we can fall back to 2900 and if that is lost a test of 2850 again and if doesn't hold this time our target is 2730, then 2700. But I think we go to 3050 area first to backtest that 200MSA before we go back down to 2700.

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Raylbc27

Wanna be a trader, you gotta think like a trader. It's not about money, it's about good trading. Trade well and the money will come.

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