FiboTrader1

TWLO: High RSI

Short
NYSE:TWLO   Twilio Inc.
On the 1 HR chart TWLO RSI is extremely high and coiling at these levels. In the next few days, I expect a big move to the downside for the markets as many stocks are showing exhaustion at their current levels. If TWLO cannot break above the downward resistance trendline it started in Nov '21, I see TWLO's next target at 72 which would be the smaller 1.618 fib retracement to the downside. I'll post an update on SPY as well.

Not financial advice
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