We continue to use the daily Ichimoku Cloud as a guide to see where the market will go next. The Cloud has been able to show us a pattern and we can utilize that information to plan our moves.
Here is our focus list:
SQ – News on Monday read “Square Plans To Offer Business Checking, Savings Accounts.” As we’ve learned before, news has an impact on the market. We are watching the 4-hour squeeze and 4-hour Cloud. If SQ can break and hold 211.5, we’re looking for 217 then 221.78/220C, which is a really nice option.
TSLA – Currently breaking into a 4-hour Cloud. If it can hold 606, we’re looking for a move toward 627 then 650.
ABNB – Setting up a really nice wedge on daily and 4-hour charts and a 4-hour squeeze with a 4-hour Cloud are also in play. If there’s a breakout, it could make a move toward the 4-hour Cloud top and right around 145/150 levels.
BA – Breaking a big daily downtrend, we’re looking for a push toward 241 and 244.65.
Stay Focused!