1. attempt monthly resistance level 2. overlapped with upper trendline 3. attempt weekly resistance trend line 4. spy is about to break soon 5. XLC sector is relative strong but about to reach resistance level 50
So I am taking the META 01/20 125P for a swing trade. Remember CPI next thursday, i dont think market will pop or drop hardly before next Thus
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spx rally hardly after the unemployee rate, it may retest 3900-4000 before cpi day, The 3960 will be a perfect r/r to build a short position. Q1 earnings is coming, which is a very bearish factor we have to consider with.
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META is very strong, break through all resistance levels on the chart.