PCLN closing just above an important pivot.
If SPY closes below $168.89, this will be a major weakness signal.
$310.80 acted as a strong support but needs a move above $312.24 to make it a long play today.
Holding long on CELG from $148.70. Even with market weakness today it is challenging the all time highs.
Wait until JPM moves below $50.11 before initiating short. Stay cautious that we might bounce there, if so - becomes a long play due to triple bottom.
Strong consolidation around $489.95 today, forming a nice base. Do not attempt long until over $502.24.
Only initiate a long trade if Facebook trades back above $48.76. We are likely to fill the gap down to $47.37 from here.
The situation is turning quite bearish for the markets when there was a reversal today at a level that used to be a strong support. Don't chase a short here until we are below $169.21.
Only trigger your long play after a pass over $311.97.
This is an important pivot level and a close below it is a short signal.
Resistance finally broken thanks to the no QE announcement.
Taking a long position here and closing if we go below $453 is a good risk/reward play.
Break under $464 will confirm further downside.