Huge amount of buy side liquidity flooded into the market today. I think it has to go somewhere and being as we're revisiting the .78 level on our fibs, I really like downside here. AMD also formed equal highs earlier today (not shown) which makes me think there's a short opportunity tomorrow or Wednesday into the remainder of the week. Chips should be very interesting.
Comment:
Idea invalidated next day with us breaking the high in pre-market, throwing this idea out.
Money really does grow on trees.