ite-workflows/scan-watchlist.md

Plan: Watchlist Confluence Scan

Phase 1 — Broad filter across all 54 tickers (~5-8 tool calls)

1. Market context snapshot

• Pull SPY and QQQ snapshots to establish the day's market regime (trend, range, key levels). Everything filters through this — no short setups in a strong uptrend day, no longs into a breakdown.

2. Batch screen for daily structure

• Run a Finviz scan (or equivalent) filtering for:
  • Price within ~3% of the 50-day MA (your stated preference)
  • Consolidation/base pattern or pullback setup
  • Above/below VWAP context
• This narrows 54 → likely 10-15 candidates worth deeper review.

3. Parallel ticker snapshots

• Pull snapshot data for the ~10-15 candidates from Phase 2 to get:
  • Current price, day range, volume vs average
  • Pre-market action (gappers up/down)
  • % change from 50MA (if available from scan data)

Phase 2 — Confluence analysis on the shortlist (~3-4 calls per ticker × 5-8 tickers)

For each candidate, evaluate these confluence factors:

Factor	Tool / Source	What I'm looking for
Daily chart structure	chart_command — load symbol, D timeframe	Trend direction, price vs 50MA/200MA, support/resistance zones, base/consolidation patterns
Intraday setup	chart_command — 3-min or 5-min chart	VWAP relationship, pre-market gap vs overnight range, opening range break potential
Volume profile	chart_command — volume indicator	Above-average volume confirming the move, or thin volume suggesting trap
Options flow / unusual activity	mcp → ttg-options chain snapshot	Unusual call/put volume, max pain, gamma exposure — institutional positioning signal
Relative strength	Visual chart comparison	Is it holding while the sector/market sells? That's a Mike-style confluence flag

Phase 3 — Trade plan construction on top setups (2-4 tickers max)

For the 2-4 tickers with the strongest confluence:

1. Chart the setup

• Load the ticker on AI chart with overlays: VWAP, 50 EMA, key S/R levels drawn
• Identify the exact entry zone, stop level, and target levels (T1/T2/T3)

2. Draft the trade plan

• Symbol, side, entry zone, stop, targets, time horizon
• Rationale: confluence factors that align (daily structure + intraday trigger + flow confirmation)
• What invalidates it: the one condition that kills the thesis

3. Options structure

• Given your preference for credit spreads, evaluate:
  • Credit spread strikes (defined risk, collect premium)
  • Bid-ask spread width (< $0.25 preferred for scalps)
  • Time decay working in your favor

Phase 4 — Summary card

Deliver a structured card showing:

• Top 3-5 setups ranked by confluence score
• Each with: setup type, entry/stop/targets, key confluence factors, risk level
• The "sitting on hands" list — tickers that looked okay but lacked a decisive edge

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Estimated tool call count

• Phase 1: ~8-10 calls
• Phase 2: ~15-25 calls (depending on shortlist size)
• Phase 3: ~5-8 calls
• Phase 4: 1 card build call

Total: ~30-45 tool calls — this is a substantive scan. I'd recommend we do Phase 1 first to see the shortlist, then you can approve Phase 2 on the narrowed candidates rather than burning through credits on all 54.

Key question before I proceed:

1. Long only, or long + short? You've expressed interest in both — what's the bias today?
2. Time horizon: 0DTE intraday scalps, or day/swing holds?
3. Asset class focus: Equities only, or include ETFs (SPY/QQQ/TAN/SOXL/SQQQ/KRE) in the confluence review?