CVS lowered guidance by almost a buck over the next year. I like this trade set up right here. If it breaks this weekly support it should fall to the 200MA on the monthly chart. But I'm waiting for that weekly break down.
Like this gap down.. I'll wait for the first 5 min candle and play the break of that. Since this is a red candle gaping down it could retest then roll over.c Might take a few min to really break down or just head fake and go back up.
Here is my plan.. CAT looks like a gap down today, but I'm looking to get in after it breaks the 126 level. For me that is were it really it traps some people and less likely of a bounce. I have 2 targets and longer term swing trade target. This is the weekly chart that I am using.
Time has come.. Gap down this AM trapping anyone who bought in here. And there will be no one willing to buy after seeing this support broken.. Coming in with both hands at the open to suckle from the teet of TSLA..
I think we gap down tomorrow to the 100 or 200MA on the daily chart. Unless something kray kray comes out on the earnings call. Lots of white candles in a row so people either are going to get trapped a little with a small pull back or we get a huge high wave candle and you can fade trade that. If we gap under the 100MA on the daily chart then it will be a fire sale
Here is your lotto ticket play if you think AAPL still has more to go. You can buy the March 105 puts for like .40 and if the earning call is worst then they said last week this baby could bounce off the 200MA on the monthly chart. I bought my lotto tickets and I have a better chance of wining this then powerball.