Hello everyone! Today i want to share some trading ideas with you!
1
6538 LOW: (1) Now, $S&P 500(.SPX)$ reached the Fib level of 6530 zone and paused for the next move. (2) all indicators line up for a sizable rebound to get rid of late bears--with the panic mood and geo-political instability, market needs a boost to aim higher. (3) I am NOT bullish yet, but entering some lottery calls.
Bull-flag Breakout:
(1) even with the selloff of the broader market, there are a few names bucking the trend.
(2) $XMAX Inc.(XWIN)$ is one of them--after a lengthy base-building, this ticker broke out of the tight range a few days ago.
(3) the company has repositioned itself with new investment & strategy. [NTA, but the chart itself is very attractive for a mid-term trade].
2
Super-Dome Revisited:
(1) some of you may have remembered this structure that I presented to SUBS a month ago.
(2) I drew a symmetrial structure, with a potential target of 6550--and then, if my EWT is correct, then the standard bottom SHOULD BE LOWER than 6521, the previous LOW
All Conditions Fulfilled:
(1) at 6503, SPX has reached the target that satifies all of my bottom requirements.
(2) of course, there is still a lower level at 6425 zone, but that would too much a stretch at this stage.
(3) not much to do, just add small amount of 3/25 calls
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