will keep this simple;
Looks to me like a break in trend on the daily candles, as well as some backtesting of that trendline.
Now here we are.
I spy a little gap below, looks like a fair enough place to park it over the next 4-6 weeks. Conveniently near some solid support.
Also makes a fairly neat 20% retracement from the highs which feels reasonable.
I think at the 20% mark (or possibly sooner) we start to see a new trend form, likely with a good amount of sideways action. Time will tell - I'm just some dude.
btw. I know this is marked as "short", however the sentiment overall is neutral, just with a short bias in the nearterm.
Ultimately I think tech shows the best promise for growth moving forward and will enjoy it greatly if I can get a nice entry "if" a pullback does happen. I'll certainly look to go long near that gap level with a very easy-to-place stop a few points below.
Looks to me like a break in trend on the daily candles, as well as some backtesting of that trendline.
Now here we are.
I spy a little gap below, looks like a fair enough place to park it over the next 4-6 weeks. Conveniently near some solid support.
Also makes a fairly neat 20% retracement from the highs which feels reasonable.
I think at the 20% mark (or possibly sooner) we start to see a new trend form, likely with a good amount of sideways action. Time will tell - I'm just some dude.
btw. I know this is marked as "short", however the sentiment overall is neutral, just with a short bias in the nearterm.
Ultimately I think tech shows the best promise for growth moving forward and will enjoy it greatly if I can get a nice entry "if" a pullback does happen. I'll certainly look to go long near that gap level with a very easy-to-place stop a few points below.
Trade active:
so far so good.
A little bummed we just fell shy of the goal I had set for the day. In my tesla theory (feel free to go give it a peek on my page) I mentioned that today I can see 2-3% down on indices just given yesterdays closing action. Well we came dang close, and given tech started on a nearly 1% positive note, I'm going to call that a success by technicality :p
A little bummed we just fell shy of the goal I had set for the day. In my tesla theory (feel free to go give it a peek on my page) I mentioned that today I can see 2-3% down on indices just given yesterdays closing action. Well we came dang close, and given tech started on a nearly 1% positive note, I'm going to call that a success by technicality :p
Comment:
Don't blink tomorrow.