The market hit an all-time high (ATH) and then chopped, so now we turn our attention to Quadruple Witching and keeping an eye on point of control (POC), as the stocks will likely be bouncing on and off of POC. Another thing to keep in mind is the Federal Open Market Committee (FOMC) address this upcoming Wednesday the 16th.
Here is our focus list for the week:
AAPL – Daily squeeze firing. We can see it potentially reaching 132-134.
NVDA – Through ATH and could continue to run. Broke a wedge on Friday and fired a 4-hour squeeze.
FB – Breaking a nice downtrend wedge, could push more and go through ATH.
GOOGL – If it continues to break ATH, it could easily work its way toward 2,500.
ROKU – Breaking a big wedge and also the daily Ichimoku Cloud. It could run toward 400.
SHOP – Breaking a big downtrend wedge. It could run toward a daily gap fill at 1,360.
Stay Focused!