TWT Setups Watchlist

Based upon the likely SP 500 scenario of a pullback I am going to increase my long position in SPXU ( I opened a long position on April 15 at 28) above 28.30 Regarding the potential target I prefer to follow the price action of SP 500, although if SPXU were able to breach R2=29.78,  […]

UVXY has carved out a potential Falling Wedge Since I cannot rule out another lower low within the converging pattern I would open a long position either above 16.90 or wait for a reversal at a lower low provided the lower trend line os not breached.

60 minute time frame: NDX has carved out a potential reversal pattern (Rising Wedge) If the lower trend line of the assumed Rising Wedge is breached the wave (v) would have truncated Given the size of the Rising Wedge, if it plays out, odds should favor a penetration of the S2 = 4435 If this […]