♟ AXP Coiling for Breakout at Premium Support Level

American Express Forms Tactical Entry Point Near All-Time Highs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

View in browser "With indexes at +3 ATR ahead of FOMC and OpEx week, AXP's technical setup at the 20MA presents a compelling tactical opportunity with defined risk parameters." Nate Bear, Lead Technical Tactician, Monument Traders Alliance The broader market continues to show signs of extension, with the QQQ sitting at +3 ATR ahead of this week's critical FOMC meeting. At these elevated levels, we typically see some form of pullback to key moving averages, especially during OpEx week. However, this doesn't necessarily mean a broad market decline – we could see rotation between sectors. While others chase extended names, I've identified a premium setup in American Express (AXP) that's showing excellent technical alignment. Why AXP? Strong uptrend pattern (bottom left to upper right) Testing key 20MA support around $301 Near all-time highs with momentum Clean technical pattern formation Appearing on our A+ squeeze scanner Here's what I'm watching: (Click to enlarge) The Setup: Looking to get long around $301 Stop on a daily close under $296-297 Target at the 1.272 Fibonacci extension at $311 For options traders, I'm looking at the January 17th $300 calls. I'll alert Daily Profits Live members when or if I get in. These provide adequate time for the setup to play out while maintaining good positioning near our entry level. Backdoor Gold Play Gold is already over $2,500 an ounce, but one hidden play gives you a stake in more than 1 oz for less than $20. Click here for urgent details on this backdoor gold play. For my full take, click the image below to watch my video breakdown. YOUR ACTION PLAN I'll be watching for entry around the $301 level with clearly defined risk parameters. And if I do play this, it will be with call options. This setup offers a solid risk/reward ratio in a strong name showing premium technical alignment. Want to see how I trade setups like this in real-time? Click here to join me in my trading room where I break down these opportunities LIVE. TESTIMONIAL TUESDAY "Thanks Brian, that was a quick 12% profit in less than 30 minutes" - SteveS "Freak, yes! 80% in six months. Karim is the Encyclopedia Brown of Trading." - Cire S "Nate, COST just went from red to green. Bought a 1000C and 1020C and made a quick 35% in less than an hour" - PaulN INSIGHTS YOU MAY HAVE MISSED Play AI With One Simple Trade Why 2025 Will Be the "Year of Energy" The Ultimate Trump Trade? This Simple Tactic Has Led to Some Unthinkable Results Buy these stocks BEFORE President Trump returns to the Oval Office Source: Wikimedia Commons President Trump's first term set off a massive Stockwave on Wall Street, sending some stocks as high 3,480%... 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