⭐Essential YEET: How to Prep Charts, Understanding Flow, 6 Educational/Callout Videos, Trade Reviews, Flow Picks and More!
Jam packed YEET, so grab a brew and enjoy...
Hey! I’m @yourboymilt, and welcome to the Daily Newsletter! I should probably let you know...This is not financial advice!
Intro: ABU Breaks down the market Pt. 1 Price Action breakdown: Tutorial Pt.2: SPY Levels and Analysis : Tutorials, Levels, Charts Pt. 3: Flow Plays and Analysis, YOLOs
Brought to you by: Your Boy Milt and His Sensei Abu OmegaTrigga
Editor’s Note: In some YEETs—particularly when the market is about to get tricky—we will go above and beyond to provide you as much information, education, and thoughtful play analysis as is possible. These are Essential YEETs.
Don’t feel the need to watch every video or pick up every tip or remember every chart—hopefully you get a little replay value out of it in the days to come after something clicks that was new —or old and forgotten—to you.
🏆Free Knowledge from the Master: ABU Explains the Market the Market with Price Action
The master of the craft is back with more insight. Make sure you follow him on twitter @abuomegatrigga, and YEET Plus gang he is now going to have labeled callouts going out on the feed.
🗒️ Pt. 1: How to Prep— Explaining the Three main Price Action Charts: Scalping, Directional, and Structural
There are many different ways of trading, but for the YEET-iverse when it comes to non-flow, we are focused on short to mid-term Price Action plays. Within that, there are generally four types of trades to watch for.
Whenever you enter a trade, you should know what you are entering, so you know how to manage and size—we’ll label the callouts for you moving forward with these. Here they are:
🕵️ Pt. 2: SPY Levels and Analysis
🕵️ SPY Levels
Upside: , 508.56, 509.11, 510.45, 511.15, 511.7, 512.75
Downside: 506.96, 506.3, 505.36, 503.38, 503.22, 501.95, 500.13, 497.04
🕵️ SPY Chart/Outlook
In this video portion we will put what we broke down in part 1 into a plan of attack, showing how you can inform your strategy with the PA.
Here it all is in a chart for your use this week—we’ll be following this daily YEET+ gang, and making any adjustments/ crossing off our price action checklist. We’ll be doing morning chart/video updates on this in addition to flow, and recapping at week’s end.
🐳 Pt. 3: Flow Plays and Analysis
Pt. 1: Focus Your Flow—How we at the YEET differentiate between standard flow plays and YOLOs.
⭐ Making a Signature Trade: GTLB 52p 5/17
Playing flow with price action and (gasp!) fundamentals??! Anyway, just an example of how you can think laterally with flow and think outside of the box a little.
📊 The Chart: How to play it and prime entry
The thinking here is that if there is going to be a drop it’s going to be quick and violent. This makes sense given its movement Friday—while the rest of the market soared it stayed stubbornly in the red.
Clearing that daily gap to 40 would be insane, but I do believe a test of 50 will come fast and furious, and I’m hoping we get a pop to enter into it.
✔️YEET Prime Entry: 56.46 (okay), 57.24 (the Prime!)
🎯 Target 1: 50..84 // Stop: daily candle close one level above our entry level
👀 Signature Trade on Watch: GME 20c 5/24 (and 30c and 25c and…every out the money strike you can think of, they are buying)
GME absolutely shattering the screener with calls after that support bounce at 10. Here are it’s appearances on my screener the past three sessions—for reference, twice in two weeks is usually a big deal.
And contracts including the 30c and 25c 5/17 and 5/24 got tagged on Friday, volume greater than OI at a couple hundred thousand for EACH contract.
Tomorrow we’ll do a full charting of GME, but nor know that we won’t be entering until a pullback. If it hits the level tomorrow—Ill let you know!