🗞The Sunday YEET: Will we continue our blistering run of bangers?
Critics are saying it's a return to form. Milt says--you ain't seen nothing yet.
Flow-Action Trading Since Debut:
Has been on a heater of a start, picking up multiple 100%+ trades to only three losses—one of those losses, MSTR, came after it had gone 100%+.
For access to flow-action call outs, join YEET Plus.
As a bonus, sometimes I will give flow-action callouts free in The YEET Discord.
🕵The SPY Section:
Symmetry: Pops withstanding, I’m a big believer in symmetry in SPY’s ultimate movement. YEET Plus used these basic principles to score wins of 90%, 90% 130% and a few base hits on SPY this week.
If you look at the yellow boxes indicated by the arrows, you can see why we may be in for a bit of chop at the shoulders here. What will be key in knowing when a good play is on the table is
Structure
2 Level Breaks
SPY Structure: This break in the clearly established uptrend that rejected a retest is a sign we’re headed to test a low
SPY/ES Levels:This zone from 5735 to 5720 is where you’re likely to see SPY bounce repeatedly as it tries to chop it’s way out the drop
Why? Because it’s got multiple levels—weeklies and monthlies and gaps-there for support. The break of the lower end of those levels means we switch officially into a bearish stance, but for now, it’s a bounce point.
📈Charts to watch:
AMGN (bullish): after a solid earnings, it had a subdued response in market volatility. It want’s to breakout of this descending triangle here, and a reclaim of 323 means it’s destined to test that 330 Gap.
DELL (two way Triggers): multiple rejections of the Gap level say bearish to me for this stock is ALWAYS seeming to get news, but it can be played to the upside if it breaks bull trigger.
Puts: Beneath 129.5
Calls: above 132.36
