Looks to have bounced out of PRZ of a bullish shark. Retrace is what I'd originally drawn as a right shoulder before a dip back down to 150 to fill the large gap. Target 166.50
I wouldn't go long on anything today, looks to me like the market is heading down.
chinawildman
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@hungry_hippo, Are you still going to short MU tomorrow?
hungry_hippo
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@chinawildman, no but I should have shorted FDX today, lol. I might buy SMH or STM puts instead so I don't have to deal with the earnings premium. If MU earnings suck, then the whole chip sector will go down.
I've been gun shy about shorting earnings during this market run, but I think it's safe to short stocks now, at least for a week or two.