Good morning traders!
Yesterdays session went just as planned with both Nasdaq and Emini pushing to previous days highs. Nasdaq broke above while Emini remained weaker for the session. This just is to show how accurate these levels are when using Volume Profile which in my experience nothing has come close.
Look at the above chart, Nasdaq set LOD (Low Of Day) 4 handles below long level before making a 278 rally to the upside! Nearly every session is bringing over 100 handles in Nasdaq and I do not see this stopping anytime soon.
Overall the trend remains valid which keeps the same thesis as the last few weeks. By far these are the easiest conditions to trade in as long as you can stick with your system and not let emotions tell you what is overbought or oversold. As I have said before, trends will trend until they can’t trend no more. Nobody knows when the trend will finish but the best set themselves up to capitalize on it. Note I have said that these dips will be bought even after stocks like Tesla shaved 30 handles off the highs. Then yesterday bouncing directly off long level for a 16 handle rally. Both the selloff and the rally were captured and this is all due to levels. All about accepting and rejecting value.
Below is the contracts price change once price moved through any level inside the Daily Plan.
Previous Day Recap
AAPL [185 Calls 0.52 > 2.25]
TSLA [250 Calls 4 > 1415.12
NVDA [425 Calls 4.15 > 10.69]
MSFT [332.5 Calls 2.85 > 7.7]
AMZN [125 Calls 1.33 > 5.37]
AMD [113 Puts 1.2 > 3.32]
GOOGL [121 Calls 0.87 > 2.32]
META [277.5 Calls 2.95 > 7.86]
BA [205 Calls 1.7 > 4.03]
PLTR [14 Calls 0.32 > 0.57]
BABA [86 Calls 1 > 1.7]
SBUX [101 Puts 0.57 > 1.44]
UNG [7 Calls 0.17 > 0.25]