This will likely be my last public post today, rest private. Message me for link.
A few weeks ago I talked about this as "screaming short to long flip". Did exactly that and its already paying out. Shorted the false breakout above the TL on 11/23 - cashed out on black Friday flush. Ultimately it went lower- but look where it bottomed - the 161.8 extension and right near the 61.8% retracement - a wave 2 bottom.
So now where is it going, especially with turmoil in the market??!?!? Well for one Friday it was green - a show of true strength - and now it is back above the pivot AVWAP as well. We are about to see a bullish EMA cross and all indicators are bullish. I think we will be seeing this impulse take us up to 290 by Feb, but earnings here in a couple weeks can play a big part in this, SO BE AWARE OF THAT RISK IF YOUR AN OPTIONS TRADER.
Short term PTs - 250 then 255 - then off to the races.
Note: Due to earnings might be smart to go with shares if longing this or maybe spreads with time to limit risk if they miss on ER or if market conditions spiral out of control
A few weeks ago I talked about this as "screaming short to long flip". Did exactly that and its already paying out. Shorted the false breakout above the TL on 11/23 - cashed out on black Friday flush. Ultimately it went lower- but look where it bottomed - the 161.8 extension and right near the 61.8% retracement - a wave 2 bottom.
So now where is it going, especially with turmoil in the market??!?!? Well for one Friday it was green - a show of true strength - and now it is back above the pivot AVWAP as well. We are about to see a bullish EMA cross and all indicators are bullish. I think we will be seeing this impulse take us up to 290 by Feb, but earnings here in a couple weeks can play a big part in this, SO BE AWARE OF THAT RISK IF YOUR AN OPTIONS TRADER.
Short term PTs - 250 then 255 - then off to the races.
Note: Due to earnings might be smart to go with shares if longing this or maybe spreads with time to limit risk if they miss on ER or if market conditions spiral out of control