 what's up guys this is Alex from Xtrades back to you with another weekly trade ideas list hope everybody had a wonderful weekend we finally got a new microphone in the mail so the audio quality is gonna be so much better hopefully and hopefully the you know the overall quality of the videos will just pick up in general so let's go ahead and get into our first setup here we're looking at Navita I really like this setup because it's got a downtrend line breakout on the weekly time frame so you got test one test number two the test three rejection also made a base off the 1B200 EMA which is also 140 support you can see now that is breaking to the upside on one thing that there is in the way here you do have the 1 week 50 EMA we could see it there was a rejection along with the downtrend line but otherwise if we go to the daily time frame you got no supply in the way here except for all the way back up here which is that one week supply and you just saw that so this is the one week supply comes from this area if we go to the daily time frame no daily supply until up around you know 185 do I think it's gonna reach that high this week I highly doubt it this doesn't give free space up to the supply which means this could just be like a nice little lift-off area due to the breakout though and you know these candles being kind of big it could have you know a day or two of consolidation first maybe it would be wise to wait for a dip it just depends our size not overbought yet MACD is positive so that's otherwise for price targets basically you know you do have that one week supply but 185 it's kind of far away though if we go to the one hour here a little resistance right here at 171 we probably need to see 171 get taken out and then that would give you a clear shot up to the 184's they just keep an eye on that level otherwise breakout looks good on the one week time frame this could be a setup for swing traders field in 2M last week amazing setups we had three big tech names we had Apple Microsoft and Google all looking for calls to the upside and all three of them did great so hopefully this week will be similar and we'll have some good setups again and there is some people who you know do use these ideas and you know they'll act on them so hopefully they'll they'll work out for everybody like last week yeah this one looks really good for swing traders like if you wanted to do like calls like a little bit out the only thing is if you did do 30 days out or 60 days out on option contracts the earnings is coming out February Wednesday the 22nd we're going to DK and Jesus is draft Kings online online betting agency obviously you can play sports bets on this website and stuff like that I personally don't I just stick to the stock market you'll be waiting for confirmation on this one obviously because you do have no confirmed breakout yet or anything you got test one you got test two test number three this would be the fourth test so on the cash open Tuesday we're gonna be either looking for selling directly on the trend line or we'll be looking for a breakout so you're gonna be waiting for confirmation on this you're not gonna want to act on this right away just because it's not cleared over the trend line so you don't want to take calls instantly and you don't want to take puts instantly also because you don't have a confirmed rejection yet so we want to see that you can see the back D is crossed to the upside so that could be good our side is not completely overbought yet so that could be good only thing for bears they do have this downtrend line in their favor so we want to see how that reacts first before doing anything so this setup will be waiting for confirmation don't act on this one right away so you're gonna be looking at calls or puts on this one by the way if it did want to break out to the upside we're looking at this resistance at 1547 outside targets if you did reject here obviously the 50 EMA which is at about like $13.20 area and then back down to you know these lows at your trading range you got 15 you know down to $10 or you know if you rounded up to $10.85 $11 so we'll have to see how that does wait for confirmation on this one you know a lot some of these setups are not going to be as clean as last week you know Apple we had a clear breakout last week Microsoft and Google had clear you know bounces off demand so yeah good confirmation there this one's kind of similar to sq last week right there was no breakout yet but at the same time you know it was setting up at the downtrend line so it could have gave a good opportunity for puts you're gonna be doing the same thing you know just waiting seeing a rejection if you did catch sq last week maybe even good day trade for a day or two to the downside but eventually it did break out so that's the only thing you want to be careful with next we're going to uber oh this is just like DraftKings except this is a test number three you can see on DraftKings it was a test number four so you got one two three fourth test uber this would be the third test for the downtrend line so you can see you got test one test two test three gives me honestly I think it could give you a better reading for downside because test three is usually where the trend lines do establish and they'll go ahead and create that trend this could be looking good for puts maybe it might pull up in the supply and break out we'll have to see they do have earnings coming up so I personally probably wouldn't swing trade this unless you got 30 to 60 days expiration just like I was saying on a Vita but earnings is risky to trade options on though you know proceed with caution honestly though this is just like DraftKings so you're gonna be waiting for a cash open rejection or you're gonna be looking for it to break out if it does like consolidate or something you know maybe the trades not trades not ready yet if you wanted if you wait for Friday's high to get taken out which is I mean really close if it decides to open up around the same spot or if you want to take puts you wait for Friday's low to get taken out so that that could be like your confirmation level if you wanted to wait but otherwise just like DraftKings you're waiting for a breakout waiting for a rejection you're gonna want to see resistance around this 200 if you want to go short and continue upside over this 200 if you want to go long see how the market opens you know anything could happen we don't have any economic data this week that's of really any significant importance we do have you know initial jobless claims maybe a couple Fed speakers nothing like the CPI report last week you know nothing like non-farm payrolls or you know stuff that's gonna make the market go to 3% next we're going to CRM is a sales force looking strictly at puts on this one because there is a massive supply you can see on this huge green day led to huge in males to the downside just insane sell off even one candle getting up to a negative 7.35% day to huge sell off after this green day so this green day created a massive selling balance so something happened in this candle to lead to this and that's what our thesis is once it pulls up into supply we're looking for resistance hopefully we might the wait you know a couple cents here before it taps but oh this could make a good day trade maybe even swing trade depending on how much time you got me personally probably looking for more of a day trade we go to a Fed meeting coming up in February so the market could be super chill until then for all we know you know what the exception for economic data you know we're still really sensitive data so we'll have to see me personally don't looking more at day trades I did get into some spy puts for February just because that vixus so low it made puts cheap we want to see you know some follow-through on that hopefully but I did get time on it so I can let it play out you know I'm not rushing it I'm gonna go ahead and you know starting to look at February swings because you know January OPEX is about to end the SCRM looking for a pull-up in a supply looking for resistance about there due to this massive supply zone so we want to see some rejection or reaction as soon as it gets up to there yeah this one is just a massively overbought honestly I'm looking for a technical rebounds to the downside you only have a couple days before earnings so this would be a day trade obviously so this would be Thursday the 26 so after OPEX so you could actually you know you could trade this this week without worrying about earnings but you can see I mean RSI way overbought up in like the 85s you got these massive bullish candles we go down to the one week though you haven't tapped this trend line yet so if you wanted to wait for it to get up into the trend line and look for you know resistance reaction around there you could do that but otherwise I mean just look at this I mean it's just straight straight up right in my opinion this could be a really good counter trend reversal play looking at day trades on puts for this one swing trade obviously you're gonna have the weekly time frame more in mind because you're doing multi-day holds so one week time frame is pretty important yeah you wait for it to pull into that trend line if you wanted to do that otherwise looking at a day trade on this just because of the daily time frame and you can see why one thing you do have going against you though MACD is still positive and you do have earnings coming up and a lot of I mean a lot of stocks they get pre earnings momentum so yeah puts on this looking at a day trade so Navida we're looking at calls on that one week breakout DK and G we're waiting for confirmation their puts or calls depending if he wants to break out at the line since they're both directly at the line Uber doing the same thing we're waiting for puts or calls we want to see the same thing with DK and G you want to see a reaction to the line either confirm selling a cash open or confirm breakout open CRM we're waiting for it to get up into supply we're gonna go ahead and take puts on that if it gets up into supply because you have a good reaction AAL technical rebounds to the downside looking at puts because of overbought condition they're going to the spot so what a crazy week last week we focused on this pendant obviously so we had this pendant right and draw this for you just so you can see what we had last week so this is our closing candle last Friday so this this breakout was confirmed and the bulls did have the momentum in their favor and we were looking for bullish momentum last week and we did get that this week we did pull into we get rid of this go to the weekly so we did pull into this downtrend line here I can even get rid of all these levels for you just so you have a cleaner look you got your one week downtrend line from all-time highs down to here we did pull into that we haven't cleared it yet so ideally well they're gonna need to break out of this line kind of like what you saw in the veto in our first setup or we're gonna want to see rejection and you know resistance at the line if you're bearish so me personally the VIX is getting scary low I mean it's under I mean it's hit the 18 levels now which is massively it just got wrecked like which means I mean eventually I think money managers and Wall Street institutions are gonna go ahead and start hedging you know their gains that they've gotten this week from CPI and the crazy volatility they're gonna start getting puts for cheap to hedge their position once they do that you know you will see the VIX start moving up due to you know SPX options being bought or sold and that does you know that does result in the VIX moving so the VIX is literally just made up of SPX options that's how it's calculated so yeah for the spy this week basically you have the 200 EMA in the way one level of focus we have been focusing on for weeks in multiple videos was this 390 14 so we did finally clear that once we cleared that I mean you can see I mean the momentum picked up super heavy and what that 30 390 14 came from was this little previous support you could just see it once it broke got heavy selling and once we got back over momentum picked up and if we do break the downtrend line and the 200 EMA that does give us free space up to 410 where you got a straight you know sale imbalance up here that's the move this week we want to see it break out of the downtrend or you want to see it reject off the 200 and the downtrend another thing that the Bears would need is to get back under the same the same 390 we've been focusing on so you need to get under 390 and it could head back you know down to the 370s it also need to get under the 50 EMA to so the 50 and 200 obviously are your two most important speaking in terms of daily time frame one-week time frame your 50 and 200 are probably the most important those are your medium which is your 50 that's your medium term moving average and then you have your longer term trend line or longer term moving average which is your 200 so keep the downtrend line and focus watch the daily 200 that's it so QQQ so last week I didn't think this one looked as favorable regardless of your of our big tech focus last week on our individual names which was you know Apple Microsoft and Google regardless QQQ did break this trend line so I really didn't feel good about it until I got back over the trend line invalidated your trend then it could get some bullish momentum it was finally able to do that and now it is clearing that similar to spies clearing that 278 which is this consolidations range support so it comes from this bottom and this bottom and now you can see QQQ is clearing over it it looks good this uptrend line breakdown is invalidated you could even argue it created a double bottom right here so you got bottom one bottom two bottom double bottom resistance breakout so that is a confirmed double bottom I mean even clear if you went down to the four hour bottom one bottom two double bottom resistance breakout and that's your confirmed pattern right there and especially this previous support it's really good that it finally got over this it will need to stay over it so this consolidation range is pretty important to get back into we go to the weekly time frame just get rid of this so it's got a cleaner look this is your downtrend line from all-time high to current you see test one test two we got a test three rejection now coming back up for a fourth so it looks like you do have a little bit of room to go up for the NASDAQ and hit the trend line which I mean could play into spy breaking out of its downtrend line we'll have to see it won't be a confirmed breakout until we see a one-week candle outside of it and same for spy do you have to see the one-week candle outside of this as well as clear 410 so 410 would seal the deal and if it cleared 410 obviously that take it up to 431 if you queue if it can clear this then clear 296 that does give it room up to 334 and you also have to keep in mind your one week moving averages so you have your 200 it's still under here and then you have your 50 right here which is your you know more medium term but I don't see a specific setup again maybe a little bit of room up to the downtrend line but that's about it just taking the day trades for this no swing setups I like spy better personally for a swing trade you have your downtrend line we want to see confirmed selling at the downtrend line and they'll give you good confirmation for puts as well as your low VIX giving you cheap premium next we'll go into the IWM IWM I said last week you had a similar setup to spy you had your you know he has your little pennant we can even go down to the four-hour probably give you cleaner pennant so this is your pennant it was something like that so that was your pennant right it did break out what I did say is that I had room up to the 200 a minute hit that and now it's cleared it so looking pretty bullish despite it going up into supply here so maximum for IWM I can put you a supply here it would need to get over supply make a base to go higher but otherwise it's as far as I could put you looking a little overbought short term but otherwise I mean great run last week you can maybe look at puts once it gets up into supply so 190 it would absolutely have a clear 190 to get more bullish moments yeah I mean really nice setup for last week just wait for it to get up into supply see how it reacts and then maybe you go look at puts or something if you do get the confirmed rejection you can see this is a pretty strong rejection area so we'll have to see you have a rejection here get a rejection here rejection here so we'll have to see if maybe the liquidity dried up at this area or if it will stay resilient and sellers will come out on top here VIX so this thing just got slammed last week we were watching this trend line and overall pennant it did break that and you can see once I broke that I mean just insane downside so this week I got us going down to 1634 max if it did want to continue to sell off which would be really bullish for stocks by the way so I mean that could just totally take a crap on bears but it does come down to this level and you can see this free range space that it could know that it could fill up so I did clear the 1845 which is this and then the 1895 which is our level of focus and that was coming from this area and you can zoom in this is the 1895 and then the 1845 you see here was from you know farther to the left so yeah VIX maximum I can put you down at 1634 I think it's kind of a stretch considering the VIX shouldn't be selling off this much you know in a couple days but I'm in CPI report inflation came down people are getting optimistic I personally don't think the Fed's gonna pivot or anything I think they're just gonna slow the pace like they said keep rates higher for longer and that will put contraction on corporate earnings it will put a contraction on our economy or our labor market etc so gotta be careful with that for the data if we go to the 2022 average close last week it did come down about 10 cents so it came down from 2560s down to 2552 and you can see we're just VIX is under all moving averages so you got the 50 here you got your 2022 to 2023 average close just 2550s eventually this isn't gonna have a mean regression so the VIX isn't gonna come back up test the average and you know maybe find resistance about there or the moving averages you got your 50 into 200 here as well yeah I mean this thing just got slammed so I'm looking great for the bears but uh puts are cheap so there's that I made it it could be good I mean premiums haven't been as cheap in a good little minute here except for when it tested to 1895 in December you have another 19s in August other 19th in April you have your lower 16s here in January of 22 so yeah I mean premium hasn't been this cheap 30 days out in a good little minute so that's worth noting and you do have to keep in mind money managers are gonna see this you know Wall Street they're gonna want to go ahead and take advantage of the premium get cheap puts to hedge their gate so keep that in mind DXY so this is the dollar index it did clear down our 2022 peak we were focused on last week just great for stocks just like I said we're gonna want to stay under it maximum I can put us down at the 10129 which comes from this little base right here you can see that you can even zoom in so it's your 10120 so maximum I can put us there until I see how it reacts if the dollar does want to come down a little bit if the dollar does want to reclaim and you know make a you know a monthly base so if they wanted to make this monthly base off the COVID peak that would not be good for bulls if you're you know bullish on stocks so this is the 2020 COVID peak if this monthly candle closed above it would not be good personally I think that would be giving you a very good case for making a base off of it and coming back up higher so that will depend on the Federal Reserve it depends on the meeting which is the next event everybody is waiting for so we'll have to see but otherwise you do want to see this 101 29 hold if you're bearish on stocks if it does lose the 10129 that's not good for you it'd be good for bears now bad for bulls if you're bullish on stocks obviously I hope everybody enjoyed this video I hope the auto audio quality sounds good and I'll continue making the best content I can create I hope for the setups are just as good last week and I hope everybody makes money make sure you like comment and subscribe to our X trades YouTube channel I love you guys and make sure to tune into the next one