SPY & NVDA Trades Worked Out Great Today On Both Sides

Hello traders, it's Friday, February 28th at 11:38 AM. Well, good thing we mapped out things on both sides because both our trades worked out long and short. So, um, well done there. Let's have a look. So for the SPY, we were bullish above 587.50, and this occurred during the day, 587.50 with the target up to 589. And we— the high of the day was 589.03, which was all right, and then we pulled back. Now we were bearish below 586, and that occurred pre-market here. 586, getting in there, but then right at the open, we came all the way down to this low down here, about 583.38. And, um, yeah, so 583.27 was the low. And, uh, so we had targets 585, 583.82, 583. We came right down to here, which was quite good. So there was opportunity to make some money there. Now on the daily, we have this— these pink lines are daily support and resistance horizontal ones. We tend to be holding on here. We have the ability to come up to $5.90 and then potentially roll over again. We'll see how that works. There was— we're sitting around massive, massive prints, about around 11, 12 million. Sitting around here. So I think we might come up, maybe do— if we're going to go lower, then we'll make an H pattern down, and then we can see trades down to $575, I would think, area. Yeah, $575 area. And, and then if we retrace, well, we're gonna have to get back up above this 4 and then the 8, and then these have to cross in order to get us on the bullish side again. Okay, let's look at Nvidia. So Nvidia, we were bullish above $121.53, and that actually happened during the day, and we were bearish below $120.50. So the bearish trade actually occurred first, breaking down here, $120.50, and this came all the way down to the $117 level, which was one of our targets. We had $118, $117.40, $117, and then we had mapped it out all the way to $116.03 and then down to $112. So if it continued, we still had We still had mapped out trades there. Now we were bullish above, um, 121.53, which occurred here. This is what we wanted to get above, and we had targets up to, um, 122.50, 122.90, 123.70 was one, 124. So the high of the day, actually, 123.70. So that was our target, pulled back, and then so if we're looking at it this way, I know this is after it's already happened, but spotting these sorts of patterns is interesting. We make this high here, we come back, we try again, and it didn't make a higher high. For the sake, the high here was three pennies off, 123.67. I use this a little bit for confirmation on the bottom. This is a, um, uh, an RSI thing. And, um, and so we have this high, we have this high within 3 pennies, and it's still weak. And then we get this double top sort of formation, increasing volume on the way down, and then we retrace. But this is kind of lunchtime, so we're going to trade it level to level, right? And going against the trend here, where is, uh, I wouldn't want to stay in this too long, right? Because we're going against the trend. Which is down at the moment. So anyway, just, just so that you're aware, you don't have to wait here because we pulled back so far here, then we would need another entry point, right? So we actually need increase in volume breaking above a level. So we have something like this coming back, increasing volume, and then breaking above. You can get in at $119.50 area and then trade this up. to the next level. So which would have been 121.50 would be a target or something like that. So even if you're following along, there are maybe some opportunities to get in at another time because we're not sure exactly what's going to happen during the day. That's why we map out both sides. All right, so have a good weekend everyone. Like and subscribe, leave some comments in the sections below, and we'll see you next week. Happy trading!