Looking at the US markets in general we are due a pullback. Just a quick look at AAPL shows it has reached the 0.618 fib from the previous December lows. This is a great place for longs to take profits and shorts to enter.
This is not financial advice. Do your own research.
The S&P 500 has been in a bullish channel since 2009. The 200 day moving average has stayed within this range. Last week's rejection at the top of the channel paired with a bearish hammer signals a reversal. There is a potential for this to be a bear trap, so keep an eye on weekly closes.
A likely scenario is we revisit the top of the channel around 2840 and get...
NFLX has been the poster child for NASDAQ gains. There were a lot of gaps upward from the December lows with not much changing fundamentally, (Disney and other competition entering the market 2019). Keep a close eye on the current rising wedge - if it breaks to the downside, short until $320. If this breaks to the upside, close your short and wait until $380 to...
The NASDAQ has soared since the December lows with not much pullback. I'm not expecting a market crash, (yet) but a healthy correction is possible. SQQQ is a leveraged short of the typical FANG stocks - this is an easy way to short the NASDAQ. Take profits at the 0.618 fib and keep remaining stack with close stop losses after.