Short term it’s got momentum slowing. I’m loooing for a 444$ put for July 28th. First area to watch is 441.77 that’s not much of a move but it could be just building a smaller flag/ bull pennant here. Howver overall daily bearish divergents which could cause a larger pull back. A drop to 432 area is my main idea this could take a few days to play out but overall I don’t think price should get above 445. If we clear 445.50 and hold support then bearish idea is out of the question.
For now 444.50 is reistance and that’s about a 50-70 cent risk on this trade with a 2$ profit down to 432 would be about 12$ profit. I’m trying this trade out. No gaurentee. It’ll work out but the risk is super small here and I like small risk high reward plays. Good luck!
For now 444.50 is reistance and that’s about a 50-70 cent risk on this trade with a 2$ profit down to 432 would be about 12$ profit. I’m trying this trade out. No gaurentee. It’ll work out but the risk is super small here and I like small risk high reward plays. Good luck!