The setup I've been tracking for weeks just triggered

Trade of the Day Wake-Up Watchlist

"That's not sellers taking control — that's buyers waiting for their price"

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

The SPY hit overbought levels yesterday and did exactly what it's supposed to do - pulled back.

I've been watching this pattern for weeks. Every time we get above 2 on my overbought indicator, the market doesn't just ignore it and keep rallying. It pulls back. Yesterday was no different.

But while the broader market is flashing warning signs at resistance, individual setups like AKAM are still delivering exactly what the charts promise.

Why yesterday's action matters

AKAM tested the $87.50 support level I've been marking for weeks — and held it perfectly while SPY was chopping around overhead resistance.

This is what clean technical trading looks like when you focus on individual names instead of getting caught up in index noise.

AKAM's been building this textbook flag pattern, pulling back on declining volume day after day. That's not sellers taking control — that's buyers waiting for their price.

When we tagged $87.50 yesterday and immediately bounced with momentum shifting positive, that was the market showing its hand. Support is real, and the next move is setting up.

 

The swing trade that's developing

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Here's what I'm seeing: Clean entry around $88-89, tight stop below yesterday's proven support at $87.50, and a clear target back toward $95+.

The structure gives us everything we need — a proven floor, controlled pullback, and 2-3 weeks for this to play out.

How I'm actually trading this

I'm using options to maximize the leverage on this setup. With three weeks of time value and AKAM's manageable volatility, the options structure gives me the exact risk-reward profile I want.

But I'm not sharing those specific strikes, expiration dates, or position sizing here.

That level of detail is what subscribers get in Daily Profits Live — real-time alerts with exact entries, exits, and option strategies as these setups develop.

Why this setup works

Three things aligned yesterday:

  • Support held exactly where it should
  • Volume patterns confirmed the pullback is over
  • Momentum shifted positive on multiple timeframes

When technical analysis works this cleanly, you pay attention.

Your Action Plan

If AKAM pushes through $90 and holds, we're off to the races. If it breaks below $87.50, the setup's dead and we move on.

Simple, clean, actionable.

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When the levels work this cleanly, you want the complete trade — not just the idea.

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