I have been watch the future charts for hours and I would say the stock movements are stable and linear the support line (red). 2 possibilities in a nutshell.
1. Long with fast come back (potentially up 3-4% in 1 day), if the selling trend of NAS FUT stops before touching the support line.
2. Short with 2-3% in 1 day, if the selling trends breaks the support line (red).
However, when I take a look close with Squeeze and WT indicator. They all signal a bullish.
A friendly reminder, the market right now is panic selling driven by fear. It is more like an opportunity to me to pick up some stock that I like with discount. Fact, I only buy large cap.
Good luck and stay healthy!
1. Long with fast come back (potentially up 3-4% in 1 day), if the selling trend of NAS FUT stops before touching the support line.
2. Short with 2-3% in 1 day, if the selling trends breaks the support line (red).
However, when I take a look close with Squeeze and WT indicator. They all signal a bullish.
A friendly reminder, the market right now is panic selling driven by fear. It is more like an opportunity to me to pick up some stock that I like with discount. Fact, I only buy large cap.
Good luck and stay healthy!