Dave Barnhart scans for volume-driven trades in PDYN and SPY. PDYN offers bullish entry above $14.50 with targets down to $11.70. SPY uses 4- and 8-period EMAs and Camarilla pivots, with bullish entry above $594.52 and profit targets up to $5.98.
Chapters
Good morning, traders. It is Monday, December 30th, 5:42 AM. Let's go ahead and look at our pre-market volume here. We've got this set at volume over 100,000, minimum share size of 5, and so we've got 41 results here that— and I've picked out 2 for us, PDYN and SPY. So let's go ahead and have a look at those ones. So here's Paladine AI common stock. We're at $14 right now, and we can see here it's, it's pulled up. We've got some volume recently in this, and it seems to really be moving. So hopefully you guys are in it back around here. This was a nice engulfing area. So anyway, let's look at the 5-minute so that we can map out some trades. Now, since we're still pre-market, we've got to get above This 1446 right here, so we want to be bullish above 1450. You know the half dollar level, and then 1480, 1496, and then 15 is a big level. 1550, 1586, last eighth, 16, 1716. If this thing really takes off. That's a resistance up there, and we'll be bearish below 14. So we got to break below here. So we'll be bearish below 14 with the target of 13.80, 13.50, 13.37 down here, 13, 12.83, and 12.30 right here. So we would stay in if it's still going down. 12.30, we could go 12 and 11.70 back to this print. Okay, let's go ahead and look at the SPY. So the SPY has got a whole bunch of really big prints recently. So we look back here, there's 4.5 million, there's a 10 million over here, and another 4.5 million, 3.5, 2. So there's 12.9 million at 604.37. So there's lots of really big prints in here. So this is a lower high. And we're trying to hang on to these prints here, this 4.5 million. We've got some on the daily. We're below the 4 and the 8 EMA here, so we can pull down here, but we need to be bullish above as well, looking at the daily. So the bigger picture, we're bearish here at the moment, but let's not have a bias and map this out both ways to see what happens. Okay, so here's what it looks like On the 5-minute chart, so we can see after the close we've actually gapped down here. This is the pivot, this dotted purple line. So we're going to be bullish above $594.52, which is the pivot, this purple line. So we've got to kind of fill this gap here. We're at $593.50, so we got to get it another dollar for us to go long. And then our target is $595, $595.50. So notice we're doing the 50-cent levels. There's also an R1 here at $5.9565, then we'll do $5.9630, $5.9694, and then the dollar level. So $5.97, $5.9750 would be big resistance at the $2.50 level. So anyway, we would just trade this level to level all the way up. And, you know, to stay in the trade, if the 4 and the 8 are moving up, say for example like this, then there's no reason to get out of the trade unless we wind up closing below one of those, either the 4 or the 8, because those are our short-term dynamic moving averages. So that's— that would be the plan. So we'd be bearish below $5.93. We got to get below this pre-market here, $5.93, and below this Camarilla support here. So target $592.53, which is this print here from December 27th. Those 300,000, which is also the low. You see this over here? This is the low. So that's actually support. So $593 and $592.53, $592, $591.50, right? Then there's another 200K print there, which isn't that bad. 592, 591.50, 591.26. These guys down here, that's a, uh, Person Support 1 and a Camarilla Support 4. So we've gotta get below that, that we'll have some traffic here. Then 591, 590.50, then 590. So same sort of thing. If we're riding the 4 and the 8 down, then we'll just stay in the trade. All right, hopefully you guys can make some money on this today. Don't forget to leave a comment, suggestions in the comment box below. Like and subscribe and visit us at mobiticktrading.com.
