Welcome back everyone!
These will be weekly levels, as I am active in the chat and will be posting my thesis live. Below, I will include the Emini, Nasdaq, Apple, Microsoft, Amazon, Tesla, and Nvidia. When it comes to stocks, if you’re not trading common shares, then I would avoid using contracts with less than two weeks until expiration. If a position is performing well toward the end of the week, then I would look to add a week to the expiration and roll into new contracts.
ES
We are currently sitting below the value area high at 5816. As long as the price remains below this level, I expect to see a move down to the value area low at 5750. If the price breaks above the VAH or below the VAL, I anticipate that direction will become clearer. The price is favoring a break to the upside, but I want to go long around the 5750s in anticipation of a break to new highs. This is the exact same thesis being used for the Nasdaq.
Long 5760 > 5850 / Short 5810 > 5775
NQ
Long 19991 > 20700 / Short 20330 > 20020
AAPL
Long 226 > 231 / Short 224 > 219
MSFT
Long 427 > 439 / Short 424 > 412.5
AMZN
Long 187 > 193 / Short 185 > 178
TSLA
Long 253 > 275 / Short 245 > 232
NVDA
Long 123 > 133 / Short 121 > 115
That’s all for now, feel free to drop a like and leave feedback if you enjoy reading this newsletter!
-Flint
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