A very volatile but successful week has come to an end. Last weekend, I posted high-probability setups, see their targets below:
Bearish setups:
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$SPDR Dow Jones Industrial Average ETF Trust(DIA)$ : Reached the target at 514.7 🎯 (a -2.1% move versus Friday’s close).
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$SPDR S&P 500 ETF Trust(SPY)$ : Reached the target at 750.5 🎯 (a -1.8% move).
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$iShares Russell 2000 ETF(IWM)$ : Reached 281.1 🎯 (a -2.5% move).
On the bullish side:
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$Meta Platforms, Inc.(META)$ : Reached 671 🎯 (a +3.6% move).
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$Netflix(NFLX)$ : Reached its target at 79.4 🎯 (a +2.6% move).
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$Wal-Mart(WMT)$ : Made it to 108.6 🎯 (a +1.3% move).
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$Advanced Micro Devices(AMD)$ : Target of 550.1 reached 🎯 (a +6.6% move).
$Microsoft(MSFT)$ reached 488 for a -1.5% move 🎯 , $Eli Lilly(LLY)$ did not move in the bearish direction as expected, but the invalidation level of 1,122.6 served as a reliable reference point to protect capital, sitting just 0.6% away from Friday’s close. Other considerations like being bullish on $Alphabet(GOOG)$ or $SpaceX(SPCX)$ were posted, they made it to 348.0 (+3.7%) and 155.8 (3.1%) respectively.
Every single target mentioned was based on the levels I model every Friday for the week ahead, focusing on zones where institutional algorithms react. For example, SPY bottomed on Wednesday at 747 against a bearish target of 748.6, and IWM bounced precisely at 281, hitting the exact target.
Over the past two weeks, we have studied how to manage these levels, including the implications of closing the day above or below a bullish target, as well as holding above versus below supports.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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