Market was doing fine until tax hike news hit, everything rolled over.QQQ back below 8 EMA trend if 234 goes, a test of 230-225 is a possibility. Expecting volatile action until market finds some clarity about tax hike news and ahead of big tech earning next week.
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Here is the watch list and game plan:
[caption id="attachment_62378" align="alignnone" width="800"]
RIOT Looks vulnerable again. Short on green to red or on open range break.[/caption][caption id="attachment_62377" align="alignnone" width="800"]
MARA Looks vulnerable again. Short on green to red or on open range break.[/caption][caption id="attachment_62376" align="alignnone" width="800"]
PTON Break below 100 and stay below should be good for a short.[/caption][caption id="attachment_62375" align="alignnone" width="800"]
VUZI 20 MA resistance and closed below 50 MA support. Short watch.[/caption][caption id="attachment_62374" align="alignnone" width="800"]
JMIA Needs to hold 200 MA support else short watch.[/caption][caption id="attachment_62379" align="alignnone" width="800"]
PDD If marker continues to weaken; this could be a short again.[/caption][caption id="attachment_62372" align="alignnone" width="800"]
SQ 240 area big support. If breaks, some room to fall.[/caption]
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