MoneyPatterns

MoneyPatterns Updated  Mar 16, 2020

Early bird gets the worm. This was super quick drop - even small time frames were bleeding out. SPY Futures tanked and hit down limit circuit breaker at 5% ON THE OPEN...LOL When people need liquidity for margin...they gotta sell something. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry...

MoneyPatterns Feb 1, 2020

Chart Details Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously) Price cross above 10Week should confirm uptrend to gap fills. Price above aqua blue line confirms uptrend to EMA cross. Price above yellow line and look for upper gap fills. Gaps to fill up to $17 Stop $13 Target $16 Money Patterns member alerts for this trade had...

MoneyPatterns Feb 1, 2020

Chart Details Weekly view shows price touching 10WeekMA. Price cross below 10Week should confirm downtrend correction. Gaps to fill down to $294 Stop $325 Target $300 Opinion – Coronavirus will increase and so will the bearish sentiment. Money Patterns member alerts for this trade had 40%+ next day returns. About Me www.moneypatterns.com Options Strategies,...

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MoneyPatterns Jan 28, 2020

Chart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video Technical...

MoneyPatterns Jan 27, 2020

Chart Details 4HR view shows heavy sell volume and bearish EMA cross. Weekly and Daily view both show bearish trend. Most important Weekly – bullish trend since Sept. Bearish EMA cross on Daily should confirm at 3250 Target for exit 3191 Watching RSI around 46 for exit bearish, enter bullish About Me www.moneypatterns.com Options Strategies, Video Technical...

MoneyPatterns Jan 25, 2020

Chart Details Long consolidation wedge ready for breakout. Caution with gaps above and below. World events and monetary policy tell me this goes higher. Next Daily trend is Bullish. Weekly trend already Bullish and turned up. Weekly RSI trend is our guide for stop. Price target $100 Stop $74 About Me www.moneypatterns.com Options Strategies, Video Technical...

MoneyPatterns Jan 25, 2020

Chart Details Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback). Bullish price action – higher highs and higher lows daily. Gaps to fill up to $37. Conservative price target of $32 to fill first gap. RSI channel is our guide to enter or exit until channel guides are violated. Opinion I had three hedges for market...

MoneyPatterns Jan 25, 2020

Chart Details Price on Daily broke out of banana pattern. Bullish EMA cross on Daily should occur with Daily close over $12.81 Weekly trend very close to bullish flip. When this occurs, $14 conservative price target. 10WeekMA cross around $13.50 should continue to fill gap at $15. Opinion We are long overdue for a pullback. Coronavirus now in 4 countries. ...

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MoneyPatterns Jan 16, 2020

Waiting for confirmation break of white trendline to enter bearish. Trade Entry Will update with specifics once trend breaks. Chart Details Earnings miss on TGT caused gap down, almost filling top gap in chart. Other large gaps down to $73. Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”. Must confirm break of...

MoneyPatterns Updated  Jan 15, 2020

Trade Entry Jan. 31 expiry. 142/147 Call Credit Spread. 73% POP. $2.50 Credit or more. $250 risk. $250 reward. OR Jan. 31 expiry. 143/148 Call Credit Spread. 67% POP. $2.50 Credit or more. $250 risk. $250 reward. Stop is $148. Price above this and trade is invalid. Chart Details Bearish ascending wedge pattern. Price fell out of pattern. Bearish...

MoneyPatterns Updated  Jan 15, 2020

Trade Entry Feb. 14 Expiry. Put Credit Spread. 59/64 Strikes. Credit of $3.00 (no lower than $2.90) Risk $210. Reward $290-$300. POP - 65% Chart Details Large $10 gap from $71-$81. This must get filled IMO. White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less). Bullish EMA cross just occurred last Friday,...

MoneyPatterns Updated  Jan 15, 2020

Trade Entry Anything at $12.80 or below is a great entry price as hedge. I am putting some wishful orders in the $12.34 area and below just in case. Chart Details Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low. The current downtrend without significant uptrend has occurred over 3 months....

MoneyPatterns Jan 14, 2020

Trade Entry Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement. Personal opinion - this is great REIT. Previous high over...

MoneyPatterns Jan 13, 2020

Trade Entry Before Earnings - Feb. 7 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.75. Risk $125. Reward $75 After Earnings - Feb. 14 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.87. Risk $125. Reward $87 Either strategy POP – 85.5% While the Risk/Reward is not 1:1 or better (as preferred), sometimes these higher probability trades...

MoneyPatterns Jan 12, 2020

Risk reward is 1:1. Multiple bullish signals. Trade Entry Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00. Chart Details Bullish flat bottom wedge forming in...

MoneyPatterns Jan 12, 2020

Multiple downgrades on same day (1/10). Possible bounce. www.marketbeat.com Trade Entry Options are only monthly with SIX. No optimal options strategy. Day trade or swing trade shares. Hold week or less. Will do my best to update if alert hits. Chart Details SIX created large gap on downgrades. Looking to hit previous support around $33.29. May go...

MoneyPatterns Updated  Jan 10, 2020

Update from previous chart as wedge support was too high. Trade Entry Holding Feb. 21 expiry Put Credit Spread 18/22 strikes. Chart Details LEVI price looked to breakdown out of Bull Flag. Support from previous chart was $18.87 from Jan. 6 low. Support moved to Dec. 17 low of $18.68. Pattern intact if above exit. Exit below $18.60 Bullish EMA cross above...

MoneyPatterns Updated  Jan 9, 2020

I see three different ways to enter this earnings and gap fill trade. Trade Entry 1. Feb. 21 - $20 Calls for $0.60 each ($60). 2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward. 3. Buy shares and trade. Cheap at $19.25 Chart Details LEVI is coming up on earnings. Bull Flag formation just about to breakout. Bullish EMA...