Trends And Risk Levels
META coming into the 13 sequential risk levels and trend line / prop breakdown levels.
SPY coming into the TD Prop (Friday's low to the tick)
Like I mentioned on Discord on Friday, we broke down the 61.8% support level which was our main gameplan to get in on the long side so we scaled down some longs. I'm watching closely to the risk levels across the board to see how they hold up. If we get back above the 390 area on SPY, I think 450 trade is back in the cards.
AAPL prop another example (also the red line is the 61.8%)
XBI downtrend does look like it is going to continue. We qualified TD Propulsion. I really like 77 puts for Friday / Next week to follow this trend down.
Gold miners look like a nice risk reward here holding TD Prop and combo risk levels after dual 13's on the lows. If real rates start to come off, this could be good.
Looking forward to trading this week. Let's keep it tight and stick with the game-plan.