SPY test of horizontal support 260 on Monday and nice reversal.
Needs to clear out trend line and 8 EMA for recovery process. As I mentioned , small cap led us down and it might be the first one to start bounce process. IWM outperformed Monday and Tuesday.
Needs to clear out 8 EMA for recovery process. Pretty much all charts has the same type of of look. Bouncing horizontal support and needs to clear out short term moving averages and trend line. Again we are mostly focusing on trading ETF's. This type of volatile market they tend to act cleaner.
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TNA Small cap long ETF.Gave us a nice trade. Should confirm reversal over 8 EMA.[/caption][caption id="attachment_52362" align="alignleft" width="800"]
LABU Biotech ETF, Watching 50 area.[/caption][caption id="attachment_52359" align="alignleft" width="800"]
CGC Falling wedge type look. Watching over 34.50.[/caption][caption id="attachment_52360" align="alignleft" width="800"]
CVNA Reversal candle on 200 MA. See if continues.[/caption][caption id="attachment_52361" align="alignleft" width="800"]
I Hammer candle off 100 MA. Watching for a bounce on intraday setup.[/caption][caption id="attachment_52363" align="alignleft" width="800"]
NVTA Watching over 13.50.[/caption][caption id="attachment_52364" align="alignleft" width="800"]
ROKU Holding support. Should confirm reversal over 8 EMA.[/caption][caption id="attachment_52365" align="alignleft" width="800"]
TAL Holding up well. Watching 27.90 area.[/caption][caption id="attachment_52367" align="alignleft" width="800"]
TWLO Watching over 70.[/caption]
