David Valney (@CupsandHandles) - Twitter Profili

David Valney@CupsandHandles·2h

$SPY $SOXX $QQQ Quick and easy technicals on why I see further downside. Semiconductors still have room downward potentially building to the daily Lower Bollinger while we see the S&P and Tech retest their crucial 20dma ranges. This is entirely regardless of what $NVDA brings us so whether we see this move Wednesday prior to earnings or afterward will be left to be determined Still $bearish currently but very short term as we will be setting up neutral positions/straddles on the 20ma on S&P/QQQ. Have a great evening and talk to everyone in the morning

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David Valney@CupsandHandles·5h

$SPY $SOXX I secured 5 really quality trades today which I did stream live feel free to watch the vod but we nailed the early push candle out of semis and shorted that well into taking calls. Over $30 move captured nearly perfectly. I do this live 4 days a week and working hard to get people to follow this very consistent style. Only thing you have to miss is your own time if you dislike the style or you have the world of consistency to gain if you do follow it. Again it is all done live, cannot ask for much more if you are trying to learn trading and now that my health is coming back I’m really in laser focused trading/teaching mode so take advantage of it Have a great day everyone and while I won’t be live tomorrow I’ll still be around to post about what I’m seeing. #trading

David Valney@CupsandHandles

$SOXX I posted this last week that we will be seeing Semis heading to the 20dma and now we are only -$6 from already nearing the 20ma, I will be closing some of my put positions when we see the 20ma retest throughout not just semis but QQQ/SPY as I do believe we can potentially be heading to tbr weekly 20ma which is close to the daily lower Bollinger. Structure is incredibly bearish I will be live streaming today at 9:15am on my YT channel, hope to see you all there let’s get some great trades in today $SPY

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David Valney@CupsandHandles·15h

Here is where the stream is located have a great day everyone

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David Valney@CupsandHandles·16h

$SOXX I posted this last week that we will be seeing Semis heading to the 20dma and now we are only -$6 from already nearing the 20ma, I will be closing some of my put positions when we see the 20ma retest throughout not just semis but QQQ/SPY as I do believe we can potentially be heading to tbr weekly 20ma which is close to the daily lower Bollinger. Structure is incredibly bearish I will be live streaming today at 9:15am on my YT channel, hope to see you all there let’s get some great trades in today $SPY

David Valney@CupsandHandles

Good Morning everyone I hope you are enjoying your weekend. Longer post but extremely important moving into next weeks trading session Some technicals on $SOXX $NVDA $HYG. I know most do not watch the HYG but you should be because when it starts selling it usually is extremely accurate in determining equity drift. Semis haven't tested their 20ma in over 27 sessions which does mean very much so that our target should be locked into that prior to a continuation of the upside. NVDA is also heavily extended as it generally trades around the 50ma range while slowly pulling it upward, this being the most clear overextension in quite a while That being said, it's very likely we see some heavy selling over the next 2 weeks and this was also triggered by a very unique mechanic that happens just about every major selloff. It is when the market trades above the 5ma but below the upper Bollinger but rejects the upper Bollinger push. We have seen this upper Bollinger rejected 6 times now in the last 2 weeks. I call this range very specifically "No man's land" because it historically causes the largest selling at a range which looks very bullish because if we had the momentum then we would push the upper Bollinger, consolidate then continue the run but we haven't done that We have taken puts at the 749.30~ whatever that range was in SPY and they are dated. I am using $TQQQ puts and $SOXS calls dated out to June and today I added some June SPY 726p's to target the 20ma. This doesn't mean I am fully bearish currently, but we are definitely preparing for the downside retest and then we can evaluate the market again from that range Have a great weekend everyone

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David Valney@CupsandHandles·22h

$SPY Sort of part 2 to my previous post, but here is why your $RSP rose today while market was heavily positioning into defensives. These are major sector shifts in a short time frame. This is not bullish for the market, especially the $HYG

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David Valney@CupsandHandles·23h

$SPY $SOXX Many are thinking this was a bullish retracement but in reality it’s additional bearish structure and additional daily 5ma rejection. Our 20ma is coming. See you all around that 724 in another few days/early next week even with $NVDA earnings Wednesday I’ll be live at 9:15am est hope to see you all there for day trades

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David Valney@CupsandHandles·1d

$SPY Will be doing live daytrading today, check my YT channel and let's get some great trades going! Have a great day everyone

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David Valney@CupsandHandles·1d

My video is up on this week's Market Outlook. Can't link here but it is on my yt channel same name. Will be day trading $SPY live in the morning at 9:15am est see you all there!

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David Valney@CupsandHandles·3d

@DeFiTracer @Kwasi43009 Especially on the upper echelon’s of equity being heavily sold as well. The HYG is very crucial to watch and it went into full sell mode yesterday. Market heavily extended above the 20dma (weekly 20ma too). The downside retest IS coming

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ᴛʀᴀᴄᴇʀ@DeFiTracer·3d

@Kwasi43009 market lost almost $1 trillion yesterday a day before, spx and nasdaq hit new ATH doesn't look normal tbh

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ᴛʀᴀᴄᴇʀ@DeFiTracer·4d

🚨 BREAKING: INSIDERS AGGRESSIVELY DUMPING RISK ASSETS RIGHT AFTER THE U.S. MARKET CLOSE EVERY SINGLE INSIDER IS SELLING BILLIONS NOW: 0 BUYS. 917 SELLS. $7.4B IN VOLUME. SOMETHING EXTREMELY BAD IS HAPPENING...

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David Valney@CupsandHandles·3d

Good Morning everyone I hope you are enjoying your weekend. Longer post but extremely important moving into next weeks trading session Some technicals on $SOXX $NVDA $HYG. I know most do not watch the HYG but you should be because when it starts selling it usually is extremely accurate in determining equity drift. Semis haven't tested their 20ma in over 27 sessions which does mean very much so that our target should be locked into that prior to a continuation of the upside. NVDA is also heavily extended as it generally trades around the 50ma range while slowly pulling it upward, this being the most clear overextension in quite a while That being said, it's very likely we see some heavy selling over the next 2 weeks and this was also triggered by a very unique mechanic that happens just about every major selloff. It is when the market trades above the 5ma but below the upper Bollinger but rejects the upper Bollinger push. We have seen this upper Bollinger rejected 6 times now in the last 2 weeks. I call this range very specifically "No man's land" because it historically causes the largest selling at a range which looks very bullish because if we had the momentum then we would push the upper Bollinger, consolidate then continue the run but we haven't done that We have taken puts at the 749.30~ whatever that range was in SPY and they are dated. I am using $TQQQ puts and $SOXS calls dated out to June and today I added some June SPY 726p's to target the 20ma. This doesn't mean I am fully bearish currently, but we are definitely preparing for the downside retest and then we can evaluate the market again from that range Have a great weekend everyone

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David Valney@CupsandHandles·4d

$SOXX Semis retested the 5ma on Tuesday so the 5ma does not need another retest just yet unless market wants to hold a neutral stance. The overall bullish structure is still holding strong and as long as it is not invalidated then we can still look to the upper Bollinger especially with OPEX being today Either that double top plays out or we build a handle on this cup/inverse right shoulder

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David Valney@CupsandHandles·4d

$SPY Why are we selling off? I’ll tell you why exactly and to start we will be looking at the $HYG which are the high yield corporate bonds. They are something I watch closely as a measure for the upper echelon of equity risk and here is when we got the news that #Miran is resigning. The market is attempting to price in the exit of a Fed Dove. 3rd image highlights this exactly as this is the December FOMC projections. 2 weeks ago the odds of a rate hike were roughly 9.3% compared to now 39.1% I also want to highlight that we sold the majority of our $SOXS puts and bullish calls at the 749.27~ on SPY today and set up 74p’s on $TQQQ for June 5th & SOXS 9c’s for May 29th I’ll be live in the morning again at 9:15am, hope to see you all there let’s end this week up massively! #CMEFedWatch

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David Valney@CupsandHandles·5d

$SPY Ending my trading day here everyone but we have our expectations for tomorrow set. Have a great rest of your day and I’ll be live again tomorrow morning

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David Valney@CupsandHandles·5d

$SPY We will be exiting roughly 60-80% of our $SOXS puts when we push the 749.07~ but we are still anticipating tomorrow to provide a higher high. When we hit this level we will also be adding some $TQQQ 74p’s 22dte (June 5th) Good luck traders today has been insane!

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David Valney@CupsandHandles·5d

$SPY Mind the mess but we have bad 3 VERY great trades today we did live (still streaming feel free to hop on in) But we are now looking for the 749.20+ close into the Upper Bollinger Best or luck fellow traders let’s see our upper Bollinger move already

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David Valney@CupsandHandles·5d

@ShahGaurang82 It is “Cups & Handles” on YouTube my apologies for late reply but we are still getting good trades in today so come on in

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GS@ShahGaurang82·5d

@CupsandHandles How to join YT channel?

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David Valney@CupsandHandles·5d

Good morning everyone stream is live doing livetrading on the $SPY come and join on my YT channel for free

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David Valney@CupsandHandles·6d

$SPY Teaching a class tonight on technical market structures throughout multiple timeframes that are accurate and create consistent trades. Everyone is welcome to join it will be on my YT channel. Hope to see many there

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David Valney@CupsandHandles·6d

@rezabushkay I’ll give it a look shortly

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Reza Bushkeh@rezabushkay·6d

@CupsandHandles $qs

The Acreage, FL 🇺🇸 QME

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David Valney@CupsandHandles·10 May

$KOPN I was asked to do technicals for this company. We still have time before you can make entry even though we have quality bullish structure formed. Upper Bollinger's are when you short. Cup top closed, allow for bearish structure for further liquidity If anyone has a symbol that they want technicals on, tag me and I will be willing to help

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