Another volatile day Friday but SPY manged to hold 50MA. 331 line in the sand for now. Now we need to see which way this box get resolved. Bias remain bearish below 9/20 MA .Day trading mode until market stabilize.
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Here is the watch list and game plan:
[caption id="attachment_60325" align="alignnone" width="800"]
DKNG Holding up well. Expecting this to breakout if market stabilize.[/caption][caption id="attachment_60324" align="alignnone" width="800"]
WKHS Watching on a build below 24.50 for a pop.[/caption][caption id="attachment_60323" align="alignnone" width="800"]
TRNE SPAC play. Watching on a red to green type move.[/caption][caption id="attachment_60327" align="alignnone" width="800"]
CHWY Right on 50 MA. See if this holds or breaks 50 MA and remounts 54 quickly for a bounce trade.[/caption][caption id="attachment_60320" align="alignnone" width="800"]
ZM 8 EMA support holds. See which way it breaks.[/caption][caption id="attachment_60326" align="alignnone" width="800"]
SQ Holding mini support zone. See if this holds or breaks 134 and remounts quickly for a bounce trade. If trends down short watch.[/caption][caption id="attachment_60319" align="alignnone" width="800"]
LVGO 50 MA breaks could get a flush to 115-113 area.[/caption][caption id="attachment_60318" align="alignnone" width="800"]
PTON Support bounce zone at 75-73 area if it gets there.[/caption][caption id="attachment_60317" align="alignnone" width="800"]
BIGC 80 acts as support. See if this holds for a quick pop.[/caption]
