Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional...
If AMZN gaps up, looking to play it as a retest gap on the aggressive swing / or day trade. Long calls or April wk 4 585/580 BPS Just simply my plan for the future. The 100 SMA on AMZN is about 601. IF it doesn't gap up, Ill be a tad more patient and look for the break out. Neutral to long
My analysis as of 3/29/16 played out. I like this spread. It expires before earnings and is below the long term moving averages along with bullish candles
If you didn't get in already, one might have to do a limit sell to catch this pull back.
Spread is above the 50 ema and a trend line and a strong resistance. Trend looks bearish too.
Back in Aug after the last free fall - we had a retracement into the EMA's. This pull back we're getting now is/was VERY expected. Interesting that last time the SPY retraced into the 10 ema on a Friday with a small white candle and Monday, a small black candle which gaped down at open. {NBC} Calling for some bearishness tomorrow based on this. We will see...
Perfect on all time frames for the intraday trade.
ROST - Expecting open around 88 Retest gap so wait 30 min and look for bullish bounce off of 10 or 20 ema on a 5 min chart. Hoping for stock to perform like Aug 19 and Aug 22