BullBear52x wrote:96ish is showing a strong support. I'll wait for new sell signal from here.
Just curious, what makes you so set on selling?
Big picture is on sell the rip, knowing the bigger time frame will sell any day now, so to be on the sell side now and the next few days got better R/R imo.
I see bullish move like everyone else but I just not participate on the buy side intraday.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Market is bi-polar on Net Flix. Last earnings went straight up because of added viewers despite worsening finances (AOL repeat). Now with an almost 20% price increase while facing increasing competition (Amazon Prime etc) up they go again. So you know they will lose eyeballs and this isn't close to enough to save their finances. Just like Tesla, you dare not go long term short until the true believers give up even though we all know the most likely ending to the story is not pretty.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Futures Trader 71 was admonishing the new futures traders this morning to not go short above 2,600 because they could easily blow up their account if any sort of a short squeeze gets going. And here we are with a 10 point run straight up and it wasn't a vertical algo move either.
Trades with cats wrote:Futures Trader 71 was admonishing the new futures traders this morning to not go short above 2,600 because they could easily blow up their account if any sort of a short squeeze gets going. And here we are with a 10 point run straight up and it wasn't a vertical algo move either.
Then tell the new traders 1.5 or 2 ATR stop is peanut.
My comments are for entertainment/educational purpose only. NOT a trade advice.