SPY - Saw more downside as we had predicted last night. Made some solid range to the downside. I am expecting tomorrow to be a repeat of today or an inside day. We are reaching weekly downside exhaustion so I would say there is no reason to not be bearish... yet. But tomorrow could be a day of consolidation/retrace since we have had such big drops the past two days.
Watchlist:
MCD - 3-1
BABA - 2-1
Main Watch:
MCD - Looking for a heavy drop tomorrow. Seeing a Pivot Machine Gun pattern here that could play out nicely if sellers step up
Previous main watch:
W - Broke to the downside and banked. Solid trade overall. Pretty much filled all downside room I saw on my charts.
Watchlist Stats:
1/3 SPY Predictions
1/3 Main Watch Plays
Personal Stats:
0/2 On The Week
Overall Red
- Busy today with finals as I near the end of my semester at college.
- Wasnt able to trade because of this and probably wont be able to trade tomorrow either.
- Scalped some forex after hours but nothing serious
Watchlist:
MCD - 3-1
BABA - 2-1
Main Watch:
MCD - Looking for a heavy drop tomorrow. Seeing a Pivot Machine Gun pattern here that could play out nicely if sellers step up
Previous main watch:
W - Broke to the downside and banked. Solid trade overall. Pretty much filled all downside room I saw on my charts.
Watchlist Stats:
1/3 SPY Predictions
1/3 Main Watch Plays
Personal Stats:
0/2 On The Week
Overall Red
- Busy today with finals as I near the end of my semester at college.
- Wasnt able to trade because of this and probably wont be able to trade tomorrow either.
- Scalped some forex after hours but nothing serious