WillNixTrading

WillNixTrading

📈 Chart Overview Current Price: 5,312.75 Daily Candle: Slight green candle, suggesting an attempt at recovery or a pause in the recent downtrend. 📈 Price Action & Technical Analysis SMA 9 (thin white): ~5,309.92 – Hugging current price, curling upward. SMA 50 (light blue) : ~5,759.54 – Above current price; Below SMA 200; indicating bearish pressure....

WillNixTrading

What's up traders, Havent posted in a while. Heres my take and outlook for next week, using the MES1! (SP500) Current Outlook Technical Look: Momentum Bearish -323.25 (looks weak) MACD Bearish, possibly inflecting RSI 36.72, off lows and crossing MA (oversold) 200D SMA at 5775.75 (Below the 50 Day) 50D SMA at 5967.43 (Above the 200 Day) Trending...

WillNixTrading

Monday Morning Analysis - Weekly News Numerous JPOW pressers Inflation PPI Retail Technical MA's have yet to turn bullish RSI above 50 Price well above VWAP Price Action Supply Resistance between 6112 - 6085 Accumulation support 6022-6009 Current Up-trend Displayed Change of Character (CoC) at Sunday night open, with a large gap...

WillNixTrading Updated 

Uncertainty increasesd due to US politics. Markets at ATHs Price Divergence ; MACD Collapsing volume Look For: Weekly Bearish Engulfing Confirmation. Expectation: 5%-6.% pull back from highs, Time Frame: 4-6 weeks Guidelines: Data Sensitive - Follow economic and political events closely.

WillNixTrading

Everything looks good to me. Don’t see what could possibly go wrong. NVDA will probably go up forever.

WillNixTrading

A lot of speculation regarding small caps being a 'catchup trade'. Perhaps it will play out that way. Perhaps it wont. A few observations: Weekly chart has held long term trend, well, over the past 20 years. Small caps are sensitive to Fed Funds Rates. The circumstances of the rate change is important. My expectation: Small caps upward move will precede...

WillNixTrading

RSI divergence, fading volume on rising price, leave us….untrusting….neutral is our position.

WillNixTrading Updated 

Instrument: QQQ Direction: Long Time Frame: 1W Upper Target: 100DSMA Lower Stop: ~413 (New Rel Low) Reference Weekly Monday Journal for basis.

WillNixTrading

Traders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. ...

WillNixTrading Updated 

SPX (SPY) is my 'overall market' instrument which is why i have used it for this analysis. Given: FED remains the primary determinant for overall market movement Drawdown 1 aligned with RSI MA cross-over Duration of Bull Run 2 is 'overbought' per RSI 50W MA (White) is extrapolated-projected (White dashed) It is noteworthy that: SPX / SPY...

WillNixTrading

Russ - yikes , things aren’t good when compared to the QQQ

WillNixTrading

one would think we must ultimately return to long term trend ?!

WillNixTrading

… clearly see a (medium term) trend on the daily SPY , and overall market. if the markets do pull back towards lower trend support, given the disappointing inflation data, increased volatility could make for a nice opportunity to sell puts. I do expect there to be strong upward support at the lower trend support line/channel. If the trend channel fails, stop...

WillNixTrading

A clear, and long term trend with price is occurring. watching the approaching line of resistance (LoR) closely.

WillNixTrading

NVDA Mar28 675/630 Bull Put Love this trade here. Profit on the increased options premiums. Breakeven 670.58 MAX Loss 4037 MAX Return 465 If you have questions on how this type of trade works, post a comment. - WillNixx

WillNixTrading Updated 

Options Trade - Credit Put Spread 150 / 145 May 5 Expiry A Margin Crunch which impacted Tesla's bottom line - which has pushed share prices downwards towards long term support / resistance, I expect the price to find stability here. I find no other reason for the stock price to take a continued hammering, at this level. China relations remain an extra sensitive...

WillNixTrading Updated 

If Action tests and rejects the Rising Wedge Support (Teal Line) This would trigger Entry (Circle) SL at or near the Weekly High. Take Profit at or near April 19 Pivot (Orange P1 / Red Line)

WillNixTrading

Just an update to an earlier chart - Im still confused and concerned.