Another trend down day after QQQ broke 5 day range. QQQ minor support 333. As I mentioned before, with Russia, inflation, rate hike, market will remain volatile for a while. Short ideas from blog working well, although another gap down will make many names short term oversold so watch out for squeeze. Active trend trading both long and short based on day trend.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our watch list and game plan:[caption id="attachment_65132" align="alignnone" width="800"]
RBLX 50 supper break short idea working well. Getting oversold now. Ideally a push to 40 and bounce.[/caption][caption id="attachment_65131" align="alignnone" width="800"]
RIVN 50 break short working well. Weaning this week, see if this can catch a bounce on day 5.[/caption][caption id="attachment_65130" align="alignnone" width="800"]
ETSY Day 1 of pull. If market stays weak,150 break might have a pull to 20 MA.[/caption][caption id="attachment_65129" align="alignnone" width="800"]
SE Short idea working well. Another gap down, watch out for a bounce.[/caption][caption id="attachment_65128" align="alignnone" width="800"]
SHOP If market trends down again this might break down.[/caption][caption id="attachment_65127" align="alignnone" width="800"]
SQ If another gap down, see if 100 spot holds.[/caption]
Join Our Next 60-Day Live Trading Boot Camp
