PRICE ACTION ANALYSIS of SPY DXY QQQ IWM APPLE and TESLA

Price action trading on SPY hello nieces hello nephews that your Uncle Charles here and welcome back to my YouTube channel where we do unbiased price action analysis and guys this was one of the most choppiest CPI days ever well it came in you know inflation came in as expected and I guess that's probably why we chopped um you know that's just intraday movement you know good for level level trading day trading you know it's just I was just a little bit off today because I thought we would get a big big move you know similar to all the cpids so yeah definitely one of the more choppier CPI days that I I traded but some couple of things that that's important to note today is that we did clear another critical resistance level which was the 23.6 FIB level from October low to December high that was at 395.77 we needed that to clear for the bokeh scenario okay I had a couple of levels up above the 200 daily moving average was definitely one of them but there was another level that was tested today that I definitely want to talk to you guys about and I'm gonna do that today's video as well as talk about how I traded today let's prepare so as far as how I traded goals here is the infamous 15 minute chart that I love to use okay and spy opened at 396.67 which made 397 first resistant with uh first support at 397 uh 395.7 and 395 below that okay as I as you guys can see here got the breakdown okay that was alerted in the Discord all right I got first resistant at 397 first support at the 395 to 395.7 Zone watch for the first breakout slash breakdown before entering and it was very nice a very nice level to level move that we opened up that however that's all it was a good level to level move because there wasn't much follow through as you guys can see here we actually had uh a false breakdown of the 395 level that was also alerted in the group plan now 393 is the next support look to short if it fails with price targets below Bulls need 395 and 395.7 will recaptured to put 397 and 398 back in play look to long if 395 or 395.7 recaptures and that played out beautifully right here recaptured 395 and 395.7 but you guys can see here we got some chop back tested it as a support I've been telling you guys about the change of rolls when it comes to these levels okay seeing a a resistant level break out and then get treated as support and actually hold you can see on this 15 minute chart it never broke below 395 and it just continued chopping up or melting up it was a pretty slow choppy day but it melted up hit the 397 Target 397.5 Target which was a 200 daily moving average and then there's that big Target at 398 .48 you can see on this 15 minute can over here the two o'clock handle in intraday it went up to 398.48 so as usual uncle had a very nice trading day and I'm very I'm really hoping that my Discord members as well and as well as you guys okay but that 398.48 level no coincidence Daily chart analysis for SPY where the Spy topped today topped out today intraday okay first of all we see in that level I told you guys about the 395 to 395.7 level okay the change in re the in the rolls right you see here yesterday's resistance level was today's support level all right now go into the daily chart you guys can see I have a yellow line right here what is that yellow line Uncle Charlie's zooming out I have FIB levels from all time high all right that's at 479.98 okay and it's exactly there 479.98 to the October low okay at 348.11 that was the low of October 13th okay so the FIB levels are precise now the 38.2 FIB level was at 398.48 so this candle right here very interesting how market makers just stepped up right at that candle okay so let's go and talk about the bokeh scenario in the bare case scenario and as usual for Uncle Charles it's very simple and I want to make it simple for you guys okay we cleared another critical level to 23.6 FIB level at 395.7 if that level fails tomorrow what setup is that guys false breakout if you guys answered that question and said false breakout great job because you guys are correct and when we get a false breakout what do we do if you set enter puts or go short you are correct and if you got it correct I just want you to know Uncle is extremely proud now if you know 395.7 fail I would look for puts combine that with the RSI and overbought territory conditions okay now overbought doesn't isn't a sell signal we got to combine it with the price action so it'll start with the breakdown of 395.77 and we could Target 393 392 to 391.5 is the critical 390 level and if that fails very bearish okay guys very bearish with 388 386.6 that's the 38.2 FIB level and uh and also this trend line right here 385.80 now all right 385.80 it's trend line right here you guys see that we broke out last Friday if that fails very bearish and I would favor a test of 382. this trend line right here that's sloping up with six touches on it it's now at 382. that's the breakdown level if that fails 379 and a test of 376's to 376.5 Zone in play okay bear case scenario starts with 395.7 failing for the false breakout okay combine that with a rejection a perfect rejection from the 38.2 FIB level from all-time high to October low and if it takes out 395.77 with an overbought RSI that just adds to my conviction for the short trade you guys understand why I'm going with this okay now price action is the shepherd as cool as that trade setup sounded for the bear case we still gotta consider the bow case all right 395.7 Holds Tomorrow stay bullish if the price is above 395.7 tomorrow stay bullish okay I got 397 as a support level but the critical level is 398.48 that's the 38.2 FIB level as well as today's high if that clears we got a gap fill at 400 to 400.6 Zone and a test of this multi-month trend line that started in January of last year all right it's now full 1.5 ish okay a breakout above that level would be very bullish okay put in 405 and play fall 7 and 410 to 410.5 Zone that was previous high back in December okay bokeh scenario continues as long as spies above 395.77 and it needs to clear 398.48 to trigger more upside guys let's trade this unbiasedly you got my bokeh scenario you got my bear case scenario don't let Uncle down but more importantly don't let yourself down and trade this unbiased we let's move on to the triple Q guys triple Q look at this so QQQ beautiful mentioned to you guys please stay bullish above 275 and look at that it bouncing size 280. it's so so beautiful okay so support that I got now is 277.5 stay bullish on Triple Q as long as above 277.5 if it fails 275 is back in play a breakdown of this orange uh orange trend line would be a false breakout setup put in the white trend line back in play okay the one the white trend line is at 272.3 ish to 273 Zone below that level was very bearish putting 269 267 back in play with 264 and 262.5 below that that's the bear case scenario okay by as long as it stays above 267.5 the next resistance at 280 clear 280 to trigger a move up to 283 285 and possibly go test 287 okay IWM iwm I'm gonna cover iwm because according to the YouTube algorithm most people are not watching Dow Jones but I want to cover iwn because it represents the small cap stocks and I heard from a very reliable resource from a very reliable source excuse me that both Trends are up moves are very good when the small cap stocks are leading the way and as you guys can see here iwm cleared this triangle pattern break out of this triangle pattern that I got okay so one close above a level is not enough we need to see file through that means 184 must hold on any back test all right as long as iwm is above 184 stay bullish the next resistance is at 186 if that can clear we can go test 187-ish with 189 and maybe 193.5 ish in play okay switch to bearish below 184 putting 182.2 uh 180 ish and 177.5 back in play okay Tesla it's still TESLA trying guys still knocking on the door of that 123.5 level it actually closed right around that level um so to be bullish needs to stay above that level get above 123.5 go test 125-ish and go hit that 128.5 level to put and break it it will put 134ish in play okay I got critical support for the Tesla at 120 look to short with 117-ish 115 to 114.5 is in play with 111.5 and then 108.5 below all right Apple APPLE I mentioned about that 131.5 level all week today it back tested that level as a support and it held all right so I need to see 134.5 clear there's some liquidity up there if it can clear that will put upside Target 136.8 ish uh 137.6 is and 139.3 ish back in play okay I can't get bearish on Apple until it breaks down 131.5 putting 130 uh 0.4 129 I got a level here around 128 126 124 and 120 uh 124 and 122.5 ish in play all right let's look at some inverses VIX & DXY vix is Dropping Drop pretty hard guys it's a hard drop all right I wouldn't be surprised if Vic Vicks bounce tomorrow just be wary of that be careful uh but yeah it broke down that 1895 level and the 19.40 level I gotta I'll get bullish or short-term bullish on vix if it can recapture 19.4 tomorrow but as long as below stay bearish on the vix but I'll tell you one thing be careful be careful be careful all right could bounce on fix them all might not but be careful watch those levels dxy also matching the fix very bearish uh to be bullish I need to see 103 recaptured okay uh next support is at 102. stay Bears below 103 breakdown 102 will continue to downside play with and put 101.3 ish in play okay so that's the inverses guys let's look at the option Option flow flow what does option four say 87 in the puts okay this filter 500k premium you can see big money still buying a lot of puts okay coming for April June uh February okay you can see here sweep orders big size over five thousand size 385 strike price for February 17th all right this one is for today that's nothing to really look at but this one 12.7 million 15 000.5 in size 395 strike price but it's February 17th okay very aggressive amount of money going in um you know for puts even for triple Q you guys can see this all right I'm not making it up it's not my own on you know my own buyer's opinion it's unbiased just reporting the data iwm holy crap ninety percent in the post look at this all these big size all right they're all puts ten thousand size over 10 000 in size millions of dollars worth okay look at this one sweep order I'm so glad I covered iwm today I hope you guys like iwn but look at this 32 000 in size over 3 million 170 strike price of February 17th so a lot of big money do not I mean we're getting some bonus price action right now uh but a lot of big money they they're not the big money plays they're not betting that this uptrend will continue past January from what it looks like all right important stuff here guys Tesla 82 percent in the puts okay big money big money still going in the puts Apple 100 in the puts nothing's changing here guys big money still bears for like at least the first quarter of the Year all right let's look at vix got puts interested all right guys so I hope you guys found value in that and if you want more content from Uncle Charlie's please consider joining my Discord I would love to serve you guys and be able to you know do more for you guys help you win this Market okay thank you guys peace