Daily Plan 2.26.25
Hey friends-
So once again we shared some good levels for folks which were almost the resistance and support on the day. Multiple times. See below for some PUTS from Sunday alone. As we said before, once we get into bear markets , the PUTs will be shared more and more frequently. These have 3x-5x in a couple days! You can see how our folks had advance intel on TSLA at 420! Before it shed 35% in a month!
On top of this you saw a rather impressive rally in SMCI of about 25% after hours from my support levels.
In these sessions, these are very emotionally driven sessions which makes the market over react around any level.
As far as tomorrow and rest of the week goes, it is all about NVDA. I do not yet think this is a proper bear market yet. There is going to be some pain point in near future where they will reopen the QE spigots. I think that number may be near 5700-5800.
Now with NVDA, I have shared my view before- I do not see a lot of bearish activity as long as we hold recent lows near 112. Now in light of such emotional general market, I do not know if NVDA over reacts. But whatever the over reaction, I think it could be supported on dips.
Now someone super new to trading may think this tic toc guy is not telling me what NVDA gonna do, I am gonna go ask a chart based trader- I am just sharing my view point about complexities. You cannot find these answers in technical analysis or charts. It is not like if you become good in drawing lines that now you can become a good trader. It is a little more nuanced than drawings.
We have a fairly good idea where orderflow zones are- what we dont know is who and what is driving these flows right now, and why. You can see first hand the complexity of this. I wish it was as easy as drawing some lines on chart.
For the session tomorrow, I will lean on the lows from today around 5930 and on the upside I will leverage the support turned resistance at 6022.
Scenario 1: If we retest 6022-6034, I will like to see this level hold as resistance for a move down into 5966.
Scenario 2: If we retest lows from today near 5927, I will like this level to hold as support for a move back into 5966 or so.
As the earnings hit after close tomorrow, I think if we get closer to 5800s, I am saying if we do, not that we will, I think this is potentially a compelling swing low for move into 6050s.
~ tic
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