When weekly and daily squeezes align with earnings catalysts, beautiful things happen.
SPOT just set up exactly this scenario.
Here’s what caught my attention this morning: While mega-cap tech is mixed (some names crushing, others struggling), Spotify just triggered what I call a “beautiful pattern” heading into their earnings catalyst.
We’re talking about weekly and daily squeezes firing simultaneously, with perfect Fibonacci extension targets lining up.
The kind of setup where the math just makes sense.
This morning’s gap down might give us the exact entry we want at a key technical level. And with their earnings timing? The setup gets even better.
In today’s video, I break down:
- Why SPOT stands out in this mixed tech environment
- The exact point of control level I’m watching
- Multiple ways to structure this trade (spreads, butterflies, calls)
- The specific target zone this pattern projects
- How the earnings catalyst amplifies the opportunity
YOUR ACTION PLAN
I’m positioning for this move by going out past their next earnings with November monthly options.
Looking at out-of-the-money calls to capture the full extension potential if both timeframe squeezes fire. Multiple structure options available depending on your risk tolerance – I’ll walk through each approach in the video.
When patterns this clean align with fundamental timing, you pay attention.
