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Using MA indicators can help predict an option call swing on SPY
A couple weeks ago for one of my first blogs on Stonks and Whatnot on 5/8 I wrote my prediction about where the S&P could be headed, seeing new ATH based on the daily chart 10-day MA crossing over the 50-day MA, amongst other bullish indicators that had me leaning toward the call side for…
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A realistic look at the most controversial meme stocks AMC and GME
The meme stock run of 2021, well, let’s just say you had to be there! And to everyone’s surprise (and to no surprise of some long term investors who have been patiently waiting), AMC and GME made a 2024 comeback that left the market completely shook in disbelief. If you are an OG meme trader…
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Looking at Bitcoin at various timeframes: back to all-time highs, or a retrace back to the 200DMA?
Bitcoin can seem sort of unpredictable due to the short-term volatility, but back in 2023 if you eyed that October volume you could have made a bet on the probability of crypto making a bigger move reverting back to $40-50k+. And now that it has surpassed the previous all-time highs (hi, haters!), crypto bulls are…
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Thinking about metals and where the charts could be headed
Trading metals has become quite popular sentimentally in 2024 with gold reaching all time highs earlier this year. For the TA traders who have been waiting for that cup and handle on the macro all-time chart to breakout on gold futures, it was a spectacular long term setup that proves sometimes those silly chart patterns…