✅RESULTS REVEALED: Did Hit SMR & TSM Our Targets?

Good afternoon, traders. It's Thursday, October 16th at 3:32 PM. Let's review our trade setups for today. We had SMR and we had Taiwan Semiconductors, our friends over at TSM. All right, let's re— let's review. SMR bullish above 56, bearish below 54.87. So the 56 occurred pre-market and it hit two— a couple of our targets, 57.08. Here it hit that before the market opened, and then right at the market open it dropped down, couldn't make a higher high, and it continued down. So we were bearish below 5487, which was here. This was the first test. It came down, hit a target, and then it did it again. It couldn't make this higher high. Was that— it was, and then it turned over again. So 5487 And we had targets all the way down to $50, and it did that. It actually went all the way down to $48.91 here, and then it couldn't hold, and then now it's rolling over again. So if you caught that on the downside, that was actually pretty good because that's $4.87 so far if you kept a little bit of a position in for the go big or go home. And this seems to be rolling down a little bit, uh, A little bit into the close. We'll see if that winds up hanging on. So let's go check out TSM. Okay, TSM, here we go. So it had earnings and it jumped up about 312 and then came all the way back to the 8 exponential moving average. So this is a little bit ominous, right? Because the whole market did this on the 10th with this these big red red days, and then we Gapped up, and then it was up, and we're retracing. So it looks like a distribution is happening because every time we're making a higher high, it's just selling off here. So this, I'm a little concerned. So my long positions, I've just kind of either taken my profit or gotten out break even or down maybe two cents. I'm mostly trading options anyway. So the things that I have longer term that I'm deep. In the money for stocks that I'm holding, just, uh, just holding on to those and see. And if the market starts turning down, I'll sell covered calls against them because I want to keep them. So here we have it testing this, um, this 8 exponential moving average. And so we've bounced off this a little bit, and then we have the volume. So we'll see. Let's go and look at what it did today. So pre-market, so we were bullish above $312 and bearish below $310. So we hit 312.50 just before the market opened, and then we started down. So we were bearish below 310, and that occurred pretty much as the market opened at 9:30. We had this big red candle, and so 310, and we came down and we hit a bunch of targets down here all the way down to 301. We had mapped this out all the way to 304.11, which was the retracement to the 4 exponential moving average. This one came up, tried to fight through the pivot and things, Couldn't hold this 200 or these, and it did the same thing, pulled all the way back to this S2 around 297. Then it couldn't hold the S1, and then we pulled back. And let's see where we are towards the end of the day. Yeah, and this is just kind of doing the inchworm down. It's, um, they're selling into any amount of strength that's there, so we'll see what happens. And this is looking pretty bearish, like I mentioned. All right, there you have it. Those are the results of your trade setups for today. Hopefully you made some money on these. And please like and subscribe, leave some comments in the comment section below, and we'll see you tomorrow with all new trade setups.