الأربعاء، 19 فبراير 2025

🎯 A Tactical Trade You Can't Ignore

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EDITOR'S NOTE

Chart-based trading is a potentially lucrative strategy for traders.

Which is why in today's guest article, Monument Traders Alliance Lead Technical Tactician Nate Bear is showing readers how to spot pristine chart setups.

Nate also recently celebrated his 100th triple-digit winner in Daily Profits Live - his daily livestream trading platform.

To celebrate, Nate is opening up Daily Profits Live for FREE for one whole trading week.

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Intuitive Surgical: A Tactical Trade You Can't Ignore

Nate Bear, Lead Technical Tactician , Monument Traders Alliance

Nate Bear

The markets are showing interesting signals with a daily squeeze setting up in the SDPR S&P 500 ETF (NYSE: SPY) - but we're heading into Option Expiration Week (OPEX).

This typically means we should expect some chop and potentially lighter trading conditions.

I've recently taken profits and am approaching with caution - my strategy is to protect our gains and stay nimble through what could be a choppy week.

We might see a pullback before potentially shifting upward later in the week.

But here's what's caught my attention: While the broader market might be choppy, Intuitive Surgical (Nasdaq: ISRG) is showing a pristine setup that's hard to ignore.

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Here's what I'm watching...

ISRG setting up with a beautiful A+ squeeze on the 130-minute chart
 

Why ISRG?

  • Setting up with a beautiful A+ squeeze on the 130-minute chart
  • Trading near all-time highs, showing incredible strength
  • Has an unfilled gap above, suggesting more upside potential
  • Clean technical pattern with clear support levels

The Setup

  • Looking to get long between $583-$587
  • Primary entry zone around the point of control at $585
  • First target at the all-time high of $616
  • Extended target at the 1.272 Fibonacci extension of $630

For options traders, I'm looking at the March 21st $600 calls. These won't be cheap options - but they give us plenty of time for the setup to play out.

Expect to pay around $8-$9 per contract if we get our ideal entry on a pullback.

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The bottom line? This setup offers a clean risk/reward scenario in a stock showing notable strength. With a $600 stock, traders may want to consider trading fewer contracts while focusing on quality positioning.

Want to see exactly how I identify and execute trades like this - LIVE?

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  • Live trade recommendations as I break down setups like this in real time
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You'll see exactly how I've turned small, focused trades into massive wins - including my 1,129% gain in just 2 days.

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Yours in smart speculation,

Nate

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