Very tough call right here, very hard choice for a short term trader.
On the one hand it just missed the 200 SMA and came up just short on the RSI so a $20 drop right here would be perfect. But on the other hand there was some nice volume on the turn from $371 and the Overbought condition has been cleared.
Look for a break of $400 to jump on the next up move.
Keep an eye on one more small down move to touch the 200 SMA for a reversal around $365
And a drop below the 200 SMA would imply a larger pullback down to $340 or so.
On the one hand it just missed the 200 SMA and came up just short on the RSI so a $20 drop right here would be perfect. But on the other hand there was some nice volume on the turn from $371 and the Overbought condition has been cleared.
Look for a break of $400 to jump on the next up move.
Keep an eye on one more small down move to touch the 200 SMA for a reversal around $365
And a drop below the 200 SMA would imply a larger pullback down to $340 or so.
Tone Vays - Content Creator & Derivatives Trader
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/ToneVays
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/ToneVays
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
