Mega fear in the markets with every Tom, Dick and Harry calling for recession.
Sentiment is leaning incredibly bearish and with SPY coming down to the 2nd of September 2020 high at 358.75, we could see it act as support to squeeze shorts after slipping below and trapping everyone.
Reclaim and push above would be incredibly bullish and set it up for next week....
$AMD another great setup if the market can push higher. Weekly and daily look great, Following trend nicely. Also formed pattern yesterday. Looking for the breakout to the upside.
Long above $151.75
BTD at 149.50
Swing targets: $153, 154, $154.50
QQQ is a stock to watch:
if price breaks resistance area and stochastic comes out the oversold zone (20 line) then price will go up to next resistance level.
