Watchlist (12/16-12/20) Using TheStrat

16 Des

SPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get us lower, we have a 3-1 4HR setup as well as a shooter 2U Hourly candle. Trigger and target levels can be seen on the chart. Overall, we have some confliction as the D and W are red while the M is still green. This shows an attempt to flip the month red and we must view it this way until we see a daily higher high. If that were to happen, then we look to see the week flip red and then possibly make a higher high on the week for the weekly reversal back to the upside, which would re confirm the month being 2U and green. Traditional TA traders will see a wedge or bull flag on the daily/4HR, but as Strat traders, we know this is just a lack of strength from either side as we continue seeing failed attempts to make HHs and LLs. Although unconventional, if you check the 3 Day TF through the 8 Day TF, you will see they are all currently inside bars in formation still. We also know that inside bars restart the process of making broadening formations, so now its just a waiting game. We see the current attempt is to make lower lows on the daily since we failed to take highs out after the daily reversal, so we now either take out lows, or fail and move back through previous range to the upside. With conflicting situations like this, you just have to rely on timeframe continuity. Until the M, W, D, and 60 are all the same color, simply fall back on top down analysis and timeframe continuity to see what's really going on regardless of how the charts may look

Weekly Watchlist:

Bullish:
ETSY - 2-1 Week, Failed 2D Day. FTFC Green, so looking for BF expansion on the weekly
CRWD - 2-1 Hammer Week. 4HR inside bar. Monthly 3-2-2 still slowly compounding 2Us to Mag
RBLX - MoMO Hammer 2U week. 2-1 Daily to trigger week
RKLB - 3-2D Hammer Week. Relatively large ATR and high rVol

Bearish:
MCD - 3-1 Week, Shooter 2U Day
PINS - 3-2U failed Week, No Daily AS. Weekly Motherbar issues so caution here
PDD 1-2U failed week (Revstrat). No Daily AS. Going for large weekly BF magnitude
ROKU - Failed 2U Week. At Monthly exhaustion risk. Daily PMG and gap fill potential
OXY - 2-1 Shooter Week. Not much range, but clean weekly AS and all big oil names deep red
DDOG - 2-1 Week (Huge red week), Daily 1-3. 2 Daily gap fills, and some weekly lows to target
LVS - 2-3 Week. At Q exhaustion. Will be FTFC Red before W triggers the 3-2D

Neutral:
WMT - 2-1 Week, Daily 3-2D failed. Daily AS could send it back into ATH. Alternatively there is an 11 pivot PMG to the downside + a small gap to fill