- Unless is can clear 439 and then 442, hard to stay bullish. yet not great R/R to go short at these levels.
- Bears should hop for push to 448 and rejection there for move down to 420.
- on 1H chart, I expect rejection of VWAP at 439
Trade active:
as expected strong from the supply...let's see if it can stay above 442 next week. If it can then we will see big green candles in beaten down growth names.
Trade active:
tomorrow is the most critical day IMO...if SPY manages to stay above 445, likely to push to test 458 and higher (with short squeeze)
VXX is putting lower lot on all timeframes. If you haven't already, maybe it'd be good idea to trim shorts...459 was the zone of hard sell-off, that should be another good opportunity for bears.
VXX is putting lower lot on all timeframes. If you haven't already, maybe it'd be good idea to trim shorts...459 was the zone of hard sell-off, that should be another good opportunity for bears.
