Video: https://youtu.be/QBHwz05dtA0The bounce signal failed yesterday as the indexes gave up all of the Wednesday reversal candle gains with SPY down 3.75% and QQQ down even more. The market is now at November 2017 levels, giving up 3 months of uptrend price action. Unless their is a major intra-day reversal, it's best to remain patient today and not add before the weekend.Now we watch for continuation and clearance of key resistance levels. After each level clears we become more bullish. If they fail we go market neutral or bearish depending on the action. It's important to be adaptable in this market and not come in with any directional bias.NVDA is gapping up on earnings, and TWTR had a positive reaction yesterday.Focus List: SPXL, TQQQ, FB, BABA, NVDA, AAPL, LABU, X, FCX, LEN, OLED, FAS, SMH, SNAP, ROKU, WYNN, LULU, TWTRCurrent Positions: Exited LABU at break even, stopped out TQQQ. Still holding NFLX.
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