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Thoughts on /ES /CL /BTC🤔

/ES

/ES

Tremendous sell of today 8/26 as we had the Inverse Cup and Handle which I tweeted about Thursdayfinally break down! Now for this to follow through I am looking at 3900s to be tested in the coming week or so.  More about the exact levels below!

/CL

Broke out of the falling wedge. We need to get back over 94.78 then we can push to 98.8. zone. Over that 100.88 and 103.6 follows. If we break below 91 we can see 88.67 POC test then outside of falling wedge tested possibly around 86/85 zone.

/BTC

If we hold below 20723 we can see 1975 zone tested eventually. If that fails not much support till 18610. We can easily see 16480 and 12750 eventually.

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Stocks We Will Be Reviewing

• FUTURES - /ES & /NQ
• ETFs - QQQ (tech) & IWM (small caps)
• VIX - Volatility Index
• STOCKS - AAPL / MSFT / AMD / NVDA / AMZN / GOOGL / TSLA

IMPORTANT NOTE - About Upside Levels This WEEK!

• We are WELL BELOW Weekly POC so for everyone section that says "Above POC" I put levels blow it as upside targets as if we were to bounce from where we currently are!

/ES

Game Plan:

• Above Weekly POC - 4139 - If we can hold 4040 and 4030 zone we can possibly push to 4073. If we get over that 4087 then 4114. Through that 4142 vPOC then we enter chop zone between 4165/4189. Over that 4200s again with a test of 4217 high last week.
• Below Weekly POC - 4139 - Below 4040 we can see 4030 zone if that fails 4007 is next. Below that 3971 vPOC on 30min weekly chart and 3957.49 vPOC on 1hr weekly chart. If that fails 3910 is next then 3858 and 3834 test follows.

POC: 4139  / VH: 4178 / VL: 4125

SPY

Game Plan: WAY BELOW POC

• Above Weekly POC - 412 - Way below POC so for upside need back over 406.91 first. Over that we can possibly see 410.71. Through that 412.98 vPOC test. if we really push we can see 417.22 then 419 again.
• Below weekly POC - 412 - Hold below 406 not much support below till 398.89 zone if any very light then   395.6 vPOC then 389.31 .

POC: 412  / VH: 417 / VL: 412

/NQ

Game Plan: WAY BELOW POC

• Above Weekly POC - 12923 -  WAY BELOW POC so upside levels are... if we can get over 12594 we can possibly push to the 12818 zone. If we really push we can see 12923 vPOC tested. Through that 13000.
• Below Weekly POC - 12923 - Below 12594 if we hold we can see 12425 vPOC tested. If that breaks we see 122295 then not much support till 12085. If that fails 11973 then 11903 follows.  If we collapse 11742 and 11483 can follow.

POC: 12923 / VH: 13085 / VL: 12878

VIX

Game Plan: FALLING WEDGE

• Need over 24.69 to hold if so we have a big range now till 27.52 over that 28.42
• Could possibly see 24.69 retested as confirmation if it fails to hold we can see 24.18 and not much support till back to 22/21 zone.

QQQ

Game Plan:

• Above Weekly POC - 314 -  Need back over 312.7 for any upside hope really. If so we can test 314.67 vPOC over that 318.41/319.96 zone. through that, we see 321 zone.
• Below Weekly POC - 314 - If we break below 307.21 not much support till 302.01. If that break 296.94 follows then 293.52 zone. If that fails we see 289.37 vPOC

POC: 314 / VH: 318 / VL: 313

IWM

Game Plan:

• OPEN Above POC - 191 - Need back over 189.68 for us to see any upside. If so we can possibly see 191.35 vPOC tested through that 193.97 tested. Over that 196.4
• OPEN Below POC - 191 - If we hold below 189.69 POC we see 187.69 POC. If all fails we can make our way down to 183.51/182.11 zone then 179.46 POC.

GAPS: 175.01 > 174.34 / 168.34 > 165.71 / 157.71 > 155.89

POC: 191 / VH: 192 / VL: 190

AAPL

Game Plan: WAY BELOW POC

• Above Weekly POC - 167 -  Way below POC so if any upside have to hold 163.66. If so we can see 165.06 over that 166.49 test then 167.13 test. Choppy zone till POC at 167.66. Over that 168.55 then 171.29.
• Below Weekly POC - 167 -  Below 163.66. If that breaks not much support till 160.21 and if that breaks 156.72 vPOC is open for testing which will also close the gap. If that colapasses we have a vPOC around 156.98 zone

POC: 167 / VH: 169 / VL: 166

MSFT

Game Plan: WAY BELOW POC

• Above Weekly POC - 276 - We are way below POC so for any upside we need to hold 267.89. If so we can push to 273.06 over that 277.79. Through that 290 test then 293.28 test.
• Below Weekly POC - 276 - Break and hold below 267.89 POC we see 264.29 vPOC. If that fails we see 265.54 then 258.99 test. If that fails 256.55 is next.

POC: 276 / VH: 276 / VL: 275

AMD

Game Plan:

• Above Weekly POC - 93 - Need to get back above 93.96 vPOC. Over that we can see 94.21 then 97.54. Fthrough that we can see 104 possibly.
• Below Weekly POC - 93 -  Below 91.37. we see have not much support below. If that fails we will see 87.73 zone tested then 85.92 vPOC. Below that 84.48 we can see then 81.03

POC: 93 / VH: 94 / VL: 91

NVDA

Game Plan: WAY BELOW POC

• Above Weekly POC - 172 - Need to get back over 166.79 zone. If so we can see 172.41 vPOC then over that 174.58 zone test.
• Below Weekly POC - 172 - If we break below 160.69 we can see 158.09 vPOC tested. If that fails we can see 153.05 then 151.64 zone tested. If all fails 148.75 then 144.65 follows.

POC: 172 / VH: 176 / VL: 167

AMZN

Game Plan: WAY BELOW POC

• Above Weekly POC - 134 - Way below POC so for any upside... we need to hold 130.76 . If so we can test 132.61. If we get over that 134.04 vPOC then 136.37 zone again. Through that 139.59.
• Below Weekly POC - 134 - Below 130 we will see 129.07 then 126.51 then 125. Below that 122.42 to close the gap. If we continue the decent 113.81 zone could get tested.

POC: 134 / VH: 135 / VL: 132

GOOGL

Game Plan: WAY BELOW POC

• Above Weekly POC - 114 -Way below POC so to start for upside....Need back over 111.61. Over that, we see 113.16 possibly through that 114.08 POC.
• Below Weekly POC - 114 -   Below 110.31 we see 106.68 zone tested. If that fails 106.84 and eventually 105.01 vPOC.

POC: 114 / VH: 116  / VL: 113

TSLA

Game Plan:

• Above Weekly POC - 289 - Need 288 range to hold. Over that we can try to push to 298 zone over that 303.59 POC that we rejected previous. Through that we can see 313.73 then 318.5.
• Below Weekly POC - 289 - Below 288 break and hold we will see 280.49. If that fails not much support we can see 270.65 then 262.3 If all fails we will see 255.6 then 248.44 vPOC tested.

POC: 289 / VH: 297 / VL: 287

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