Weekly Setup on AAPL
Here is a Weekly Setup that I am eyeing on AAPL as a potential longer term buy in opportunity to play for a bounce back up.
Here is a Weekly Setup that I am eyeing on AAPL as a potential longer term buy in opportunity to play for a bounce back up.
And this one is a Weekly Setup I am eyeing on GOOGL for a potential longer term buy, very similar to the AAPL setup.
The notion that the FOMC could tap the breaks on the rates hikes is not being reflected in the place that we would think it would: 10-year Note and Fed Fund futures. So what is the plan with today’s pullback in energies? Here’s the breakdown of the Night Before kaPowell.
The strength today seems to have reinvigorated some buyers, but what is the overall trend and the path of least resistance? That depends on where you look. In this update we look at what the FOMC is most likely to do and which trends will benefit.
The SPY weekly squeeze is beginning to fire to the downside, nested inside of a 3-day, 2-day, and daily squeeze. The 4-hour squeeze officially fired on Monday, which could trigger the market to a new low. We’ll be closely watching out for any major catalysts to impact this headline-driven market, specifically on Wednesday during Federal Reserve Chairman Jerome Powell’s statement.
The structure of the market is signaling that the path of least resistance is to the downside, potentially setting up for a new low. The weekly squeeze on the SPY is starting to fire short, nested inside of the 3-day, 2-day, daily, and 4-hour squeezes firing to the downside. We’ll discuss potential short setups on AMZN and TSLA that are firing squeezes on multiple timeframes.
I believe the week ahead to very likely be the most important one of the year thus far. The FOMC is scheduled to meet and announce Wednesday its rate decision where most expect the first rate hike since 2018. Quarterly triple witching options expiration is right on those heels and set for Friday. All of this while right in the middle of the ongoing European news cycle.
Keep your arms and legs inside the vehicle at all times. This has all the makings of a wild ride ahead. Vixpiration and FOMC Wednesday followed by Triple Witching Options Expiration Friday. Another 100 points wide today in the ES, so why not again tomorrow? Good news is there are other trades. Let’s look at a few of those.
Market commentators are concerned that 152 broke in AAPL. The Voodoo Lines roadmap shows us other levels which might be even more important.