Yesterday's trade was exactly like what we discussed yesterday. Pull up at the market open then trade back to 4040ish level.
Things you might wanna pay attention to is whether this level can be held, and from yesterday's close this level still needs some more information to be comfirm.
AMD was a nice trade, entered the market open when we saw the market hold 81ish level, and huge 15 mins hammer doji was a sign of entering. And we took some profits at 83ish which was prior resistance and also extended from the 8&21 EMA area.
For today, I am still expecting I can have some more AMD for swing, therefore, I will be waiting for AMD to trade back to 80ish level and see if I can have some positions there.
For the market, yesterday's shooting star daily will cause some fears and profit taking selling. Therefore, tech buyers couldn't get in early. And last Thursday and Friday's pull up was too strong therefore, finding middle somewhere around 4020ish might be a good option.IF the market today can close above 4020ish and give a doji,it will be a positive sign.
Let me know if you have any questions, and feel free to leave me comments and your thoughts.
