I think that takes care of most of the shorts. Trimming my long and adding some bears calls.
Will watch for reversal pattern in the green area of confluence.
Would not be surprised to see a break of the support here to flush out stops just below 200ma. For a long to work with this it must flush and pop back up right away. If it drops and hits my limit order then start to flag then I'm out.
Looking at futures SPY poised to gap tomorrow. With a breakout its likely to run up to 297 where I expect resistance Messy harmonic on the SPY with the gaps, much cleaner on ES
Great earning gap but has been consolidating for the past few weeks. I like to watch these wicks. If price makes a new high above wick usually a good signal its going higher.
Painful ride down but expecting some buying in the 10-11 area.
Had a small bounce off my last zone noted below then tanked after the brutal earnings report. I will we be watching for another bounce as we touch the long term 618.
SBUX holding above SMAs well following positive earning gap. One to watch if the market settles down.
Should have bought bought some calls at the close for a potential final push before earnings. Would not hold through earnings.
Nice gap on earnings with decent vol. Want it to hold 5 then blow through 5.50
May be trying to double bottom but still looks weak. I'm guessing one more flush to get rid of all the sellers and start seeing some short covering at the completion of the measured move.
Waiting for a larger pull back into my ideal zone. However, If the market threatens to continue its breakout and ROKU stays strong I will probable start a position with a push and hold above Fridays high.
With XLF looking strong time to start watching some banks.
Decent setup. Breakout followed by a retest and close above the 50 am.