Time to rally.
Daily Plan 3.14.25
So folks our aim always here in this Substack is to bring value for our folks. Whether it is an up market or a down market.
In such violently bearish markets this past couple weeks, see our NVDA CALL below. They were selling these calls for 3 dollars. Who would have thought? And yet today these calls closed at 6 dollars. Between NVDA and TSLA, I think have shared about half a dozen tremendous calls and puts, last 2 weeks alone.
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So as far as the levels go for tomorrow, the main premise is 2 fold for me at this moment-
First off, I think this 5470 area is a tremendous level and I do not personally want to see the bulls give up a fight without atleast first testing 5850-5903 first. Due to the importance of this level, if we give it up easily, I think there will escalate big time. So this is why I favor first a retest of 5850s on this market before anything else.
Now this can be confirmed I think tomorrow if the highs of session are able to take out 5610 or so (we are now at 5540).
Let us say if we are able to take out the highs tomorrow at 5610, I think we could use the lows from today as potential support next week at 5510 for a push first higher into 5850. If the bears cannot offer below 5470, if they cannot offer below 5510, I think we need to test 5850 first.
Now yes the risk is extremely elevated right now and this is why I am leveraging 5470-5510 as a solid zone. If this gives up, then there is no reason to feel this way. But as long as it holds, I think we may want to retrace a bit first.
Now I am just strategizing with you as well using my auction levels and thinking out loud how to leverage these in next few days to weeks.
Scenario 1: 5470-5510 if traded, can be supported for a move back into 5559 area. I know this is a bit of a wide range but please see my post from yesterday about current vol and my point about need for a confirmation using the time frame you are using using the range low as potential support.
Scenario 2: 5559 is potentially secondary level of import. If we open and remain above this, 5610 can be tested. If 5610 is tested tomorrow, 5559 remains a considerably important level next week as well. But more on that next week!
Have a great weekend ahead!
~ tic
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