Lamont

Will forever be grateful for finding @ChartGuys and learning to trade as it allowed me the means and time to show my little buddy more of the world during her short time with us.

$BTC sellers recently failed to touch down on the POC and VAH of the key structure from 2024 indicative of weak selling at the moment. If higher highs all about 80524.65 to see if buyers can negate the January 31st breakdown.

After the US and Iran agreed to a ceasefire, buyers put together a huge bounce but stalled at the value area low of the all-time high supply. Now that the peace negotiations over the weekend have failed, will sellers force daily retracement? If so, what do they need to get done to create meaningful damage? youtu.be/wYF61ym4UxU

@RyanlennyLen Definitely set a stop based on SOXX. The leveraged ETF will decay

@ChartGuysLamont I hope I am not a bag holder

$SPY key test of ATH supply VAL, need acceptance above 679.35 to stop sellers from moving value lower relative to ATH supply. If rejection, 673.95 key. Buyers affirming break back above 9.11-10.23 structure as long as acceptance above. Notable defense of it to make low of day so far.

@RyanlennyLen Pretty aggressive sell but I imagine sellers defend at least initially

@ChartGuysLamont Wall of resistance. I took a small position in soxs.

$DIA $YM trade setup shared in weekend updates surpassing target on this gap. Would not wait any later than now to book some profits and throw a stop under the low at 450.44 for remaining runner. Potential monthly higher low being set.

$PLTR buyers keep knocking at the low of the structure that supported price throughout Q3 of last year into half of Q1 this year. Would be very notable to accept back over 148.58 to negate the head and shoulders breakdown. A big move above 148.58 sets up a higher low play.

Buyers negated the March 27th breakdown setting up for a potential inverse head and shoulders but they have a ton of overhead supply to contend with and have not established a meaningful amount of demand to act as support. What do they need to get done to see more bounce and how will we know if the bounce is failing? youtu.be/qYzpX5Fv0xM

@clp923 I never forget mine

@ChartGuysLamont The helmet, remember the helmet

Thinking through the context of a setup goes a long way in taking a second attempt after a miss or a stop. If the context remains the same and the R is there, fire again. Missed the bottom fish off session developing value area low talking to @clp923 about boomer assets but stayed patient for another assuming there would be multiple round trips if what I was looking for, balance, continued to be affirmed by the market. Bottom fishing session developing value area low after a gap up is a solid balance play that keeps you open for the potential of more day+ follow through. Join us in the chat for regular play by plays. Great community to learn the game with.

@clp923 I blamed you for missing a day TF buy. Reading is hard

@ChartGuysLamont So blame it on me for leading you into a beautiful set-up for a high paying div stock eh? Loser

@RyanlennyLen If through VAL, 50k is the next objective. The low of the 2024 structure

@ChartGuysLamont Btc to 50k

$BTC all about structure from March 2024 - November 2024. Need acceptance to open up all the chop above the high of the structure 73835.57 where sellers recently defended. Its POC 67503.29 key. Sellers now attempting to hold it as resistance to affirm the 2024 structure as supply. If lower lows, sellers sights on another test of its VAL 60127.17.

Sellers rejected buyers from the POC of the structure that previously supported price for months. What is the next seller objective and how can we assess how well they're advancing going forward? youtu.be/8RWhyg_Tz8M

@RyanlennyLen I'm with the sellers for day TF operations looking for some more extension ideally at 2025 high to get interested in bounce plays

@ChartGuysLamont Lower the better. Buy buy buy

$SPY sellers now through next area of prior demand on way to test 2025 high with lots of space to defend against its POC 644.24 to keep affirming it as supply. Roughly the same level as most recent breakdown point 644.72. Sellers confident and setting their sights on 2025 high 613.23 as long as acceptance under 644.24. Volume picks back up around 637, next key test.

Capitalizing on relative strength is one of my top edges. Gold had clear relative strength compared to NQ. As NQ got smoked, gold stepped down. If NQ could muster up any type of bounce then gold was positioned well. You can use bigger size with clear stop. $GC $GLD

@ChartGuysLamont I wish it was that simple,lol

$SPY buyers playing defense against the first relatively higher volume area on the way down to 2025 high as discussed in weekend update but bounces are weak if unable to negate 3.19 breakdown by getting back over 661.36 and more importantly need back over 662.76 to get back to affirming 9.11-10.23 structure as demand.