Mike Options @Mikeoptionss
Stock/Option Trader. Market Data, News, & Analysis Join my trading community 👇 discord.gg/RfkNEz3qZP Trading SPY Joined August 2013-
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Here are some top charts this week Are you ready to bank this week? $SPY
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Closed $TSLA
SOFI is still looking bearish on the 1H. We’ve got a clear series of lower highs/lower lows, and price is now pressing into that $15.00–$14.80 support zone. What I’m watching next: $15.00–$14.80: Key demand/support area. I wouldn’t be surprised to see a liquidity sweep below $15 before a reaction. If $14.80 holds: We could get a relief bounce back toward $16.00–$16.50. If $14.80 breaks cleanly: That opens the door for another leg lower, with $14.50 being the next area I’d watch. $16.00+ reclaim: Would be the first sign that bears are losing some control. My take: I’m not chasing SOFI down here. I want to see how price reacts around that $15 support. A flush into support followed by a strong reclaim could set up a nice bounce, but losing that zone would keep the bearish momentum intact. $SOFI is getting interesting here, let price show the hand before sizing up. 📉🔥
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