After huge gapup this morning similar to previous gapups SNAP is preparing for a huge correction.
- SPY / QQQ and broader market is currently setting up for an atleast smaller correction. A bigger correction is possible (the case if brexit discussion leads to more confusion etc etc.)
- If correction would come to the whole market SNAP is a great tool to short downwards since it has seen a big positive corrective move lately.
- Chart is 15min. So this is really only a day trade to swing trade but expandable with pulling the SL properly to the downside. Be aware though that AMD is really volatile.
- First Targets in the chart / If the whole market is up for a correction after this week, things can become really interesting on SNAP.
- Always have a SL with SNAP ;-)
GL
- SPY / QQQ and broader market is currently setting up for an atleast smaller correction. A bigger correction is possible (the case if brexit discussion leads to more confusion etc etc.)
- If correction would come to the whole market SNAP is a great tool to short downwards since it has seen a big positive corrective move lately.
- Chart is 15min. So this is really only a day trade to swing trade but expandable with pulling the SL properly to the downside. Be aware though that AMD is really volatile.
- First Targets in the chart / If the whole market is up for a correction after this week, things can become really interesting on SNAP.
- Always have a SL with SNAP ;-)
GL
Comment:
Little to no development. Looking for more downside volume to come.
Comment:
* waiting for a catalyst.
Trade active:
- SNAP took a first hit..
Comment:
Perfect point to enter again.
Gap below is waiting for you :-)
Gap below is waiting for you :-)
Comment:
And the gap much further away on the daily chart.
Trade active:
We nocked on the first gapfill area on wednesday.
Let's see what today brings :-).
Markets on the move!
Let's see what today brings :-).
Markets on the move!