I’ve opened up yesterday’s newsletter to the public, if you are not a subscriber you can review it here:
We accurately predicted a move down to 396.60 as long we did not bid above 400.67. LOD so far is 396.59.
The right shoulder on SPY 0.00%↑ and $ES_F continues to form, with the neckline being at $393 and $3948 respectively.
AAPL 0.00%↑ attempted to breakout and was rejected sharply. TSLA 0.00%↑ continued to sell off after the retest and fail (levels posted yesterday all fulfilled).
Here’s the economic data calendar for tomorrow:
I think for now we can continue to see bearish pressure to form the h&s neckline as long as we remain below 3990. Now 3979.
For tomorrow i’ll be watching these levels:
ES_F
1. As long as we remain below 3990 we should retest 3948
2. Over 3990 can retest 4010 and above that 4024.
SPY 0.00%↑
400.67 pivot
→ Below pivot targets 396.60, 393.20
→ Above pivot targets 403.75
TSLA 0.00%↑
Continued short into 175.60 from 190. Ideally need to see lower low vs today (below 180) for next move down.
Below 180 target 175.60
NVDA 0.00%↑
Inside bar today
Below 233 target 227
Above 240 target 245
AAPL 0.00%↑
Below 152 target 150
Above 154 target 156
Join the discord at www.jmoptiontrading.com for real-time updates.
-Jovan