TLDR: Tuesday’s Watchlist
$ASTS $CAT $CRWV $CVNS
Market Bias: Nice consolidation amoung the major indices and big caps. Overall we’re in a tight consolation phase and need a catalyst to get things moving again. We could see chop up until this occurs.
Risk Notes: CPI release at 8:30am EST
$ES_F $SPX S&P 500 Index E-Mini Futures
Key Levels: Any hold and break over 7000 with volume could lead to a market pop.
Downside: Watch 6800-6850 for support, below that 6500-6550
I’m watching to see how the recent flag of consolidation plays out. My bias is still bullish on a major break with volume.
$QQQ $NQ_F
Key Levels: 629, 637
Downside: 613 should be hold in any consolidation days
Clean looking bull flag forming up right near all time highs. Any positive economic news with volume should see a nice pop.
$ASTS ( ▼ 7.18% ) Trade Idea 105c> 99
$CAT ( ▼ 0.1% ) Trade Idea 645c> 630 ish. Any small backtest around 627 would also work for an entry
$CVNA ( ▲ 1.15% ) Trade Idea 500c>475
On Watch:
$GOOGL ( ▲ 4.01% ) 329 retest
$IREN ( ▼ 7.65% ) 49ish retest
$SHOP ( ▲ 1.94% )>170ish
