{"id":16872,"date":"2024-10-22T17:00:38","date_gmt":"2024-10-22T21:00:38","guid":{"rendered":"https:\/\/mtatradeoftheday.com\/?p=16872"},"modified":"2024-10-22T14:42:07","modified_gmt":"2024-10-22T18:42:07","slug":"why-sideways-action-is-good-for-this-buying-signal","status":"publish","type":"post","link":"https:\/\/mtatradeoftheday.com\/why-sideways-action-is-good-for-this-buying-signal\/","title":{"rendered":"Why Sideways Action is Good for This Buying Signal"},"content":{"rendered":"

The SPY has been going sideways for about a week now.<\/p>\n

And while this kind of movement can be frustrating for traders, it also means squeezes are building.<\/p>\n

So in today\u2019s video, I\u2019m showing readers a beautiful looking chart on a streaming company with earnings coming up.<\/p>\n

Click the image below to get that setup.<\/p>\n

\"Let's<\/a><\/p>\n

\"Logo\"<\/p>\n

YOUR ACTION PLAN<\/strong><\/h2>\n

Spotify <\/strong>(SPOT) has a juicy looking chart according to my S.A.M. Scanner<\/a>. With earnings coming up on Nov. 12, I\u2019ll be using the $390 11\/15 calls with an entry as close as possible to $171 and a stop under $365. The target will be $396 and then $400+.<\/p>\n

\"Spotify(Click to enlarge)<\/a><\/p>\n

If you\u2019re interested in seeing a lot more trade ideas like this, I recommend checking out Daily Profits Live<\/a>. Every week members can follow along as I find the best trade setups using my TPS system and S.A.M. scanner. Last week I closed 12 of 16 trades for winners, including a 182.56% return on UPST in 6 trading days.<\/p>\n

Click here to learn more about Daily Profits Live.<\/a><\/p>\n

\n\n\n\n
\"Trophy\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

TESTIMONIAL TUESDAY<\/strong><\/p>\n

“COST in 18 Oct 900 calls @ $3.08. Out @ $6.68 for a 116% gain in 1 trading day. Thanks Nate.”
\n– tlee9999 <\/strong><\/p>\n

“In (MARA) at 1.90 and out at 2.60. 37% gain (in 13 days). Thanks Karim!”
\n– DeacNJax<\/strong><\/p>\n

“I closed the 2 Shares\/Contracts I opened at $5 for $5.80. STC (CAT) @$5.80 x 2 good for a 16% overnight gain!! Thank you Bryan B!!!”
\n– BoomerMC<\/strong><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Plus a beautiful chart pattern on SPOT heading into earnings <\/p>\n","protected":false},"author":16393,"featured_media":16875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1038],"tags":[],"mobile_app_tag":[1649],"class_list":["post-16872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-of-the-day","mobile_app_tag-active-trading"],"acf":[],"yoast_head":"\nWhy Sideways Action is Good for This Buying Signal - Trade of the Day<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mtatradeoftheday.com\/why-sideways-action-is-good-for-this-buying-signal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Sideways Action is Good for This Buying Signal\" \/>\n<meta property=\"og:description\" content=\"Plus a beautiful chart pattern on SPOT heading into earnings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mtatradeoftheday.com\/why-sideways-action-is-good-for-this-buying-signal\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade of the Day\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-22T21:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T18:42:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mtatradeoftheday.com\/wp-content\/uploads\/2024\/10\/20241022_TD_Profit_Stream.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1013\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Bear\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Bear\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mtatradeoftheday.com\/why-sideways-action-is-good-for-this-buying-signal\/\",\"url\":\"https:\/\/mtatradeoftheday.com\/why-sideways-action-is-good-for-this-buying-signal\/\",\"name\":\"Why Sideways Action is Good for This Buying Signal - 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