Video: https://youtu.be/ZzIiYGU0-lgThe 50ma retest has officially failed after yesterday's 1%+ down move. Now the market tests the 200dma. I break below this level sets up a big move down. At this point we have no current positions and will wait for this break to short the indexes or FANG stocks. I the market were to recover, that 50ma is still an important level and a second breakout would likely follow through. FB reports after hours today.Today's watch: SPXU, SPXL, TQQQ, SQQQ, FANG stocks, TSLA, UA, RACE, UWT, ERXFocus List: SPXU, SPXL, SQQQ, UWT, XLE, RIG, DO, CVX, OAS, AAOI, SQ, GRUB, FB, AMZN, GOOGL, X, FCX, M, LULU, URBN, SPOT, TWTR, WBAI, FSLR, SEDGCurrent Positions: stopped out NFLX.
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