Hi everyone!
Exciting week ahead with NVDA 0.00%↑ reporting earnings after the close on Wednesday February 21st
Here is the earnings calendar for the week:
For this upcoming week I will be watching the following setups and levels:
SPY 0.00%↑
Stance: LONG (dips likely to be supported) IF over 498 (TIGHT STOPS, be ready to flip short below 498)
Continuation within the rising wedge, be ready for a breakdown at any moment. Needs to clear 503+ for continuation up into 508-510+. Below 503 there is initial signs of weakness and could see the start of a sell towards the blue line at 491.
Summary: 498-503 = chop. Over 503 = bullish to 508. Under 498 = bearish to 491.
Stance: No position yet - watching reaction at 180 for a failed breakdown/breakdown
AAPL first close under 200dsma since OCT 2023 lows. This is a make or break spot for AAPL.
If 180 holds and turns into a failed breakdown then this makes for a retest of 186 area followed by 191-2. If 180 falls then this is a short to 165-170.
NVDA 0.00%↑
Breakout active
Note: Has ran a large amount already since the last ER. ER on Wednesday AMC.
Stance: LONG IF over 730, caution below.
Check the orange trendline below, that will show you the spot where if it breaks, would trigger a short to retest the blue line.
Important to note the recent reaction on $SMCI. I think if NVDA er is anything less than outstanding, we may see a similar reaction here.
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