After a "V" shape bounce , market entering into congestion area.
Ideally, what bulls want to see, some side way action or a dip to 277.50 and 200 MA, 275 area. A violent break below those level will bring in bears again.We are mostly focusing on earning news related names like TWLO, SEND, ETSY, ROKU. Some nice day trading range on many earning plays.Slim picking for tomorrow as market is in a crucial stage and we need to see how much teeth bears have on these resistance levels.
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OPRA Watching over 7.45.[/caption][caption id="attachment_52494" align="aligncenter" width="800"]
LCI Keeping an eye in case it goes into the gap.[/caption][caption id="attachment_52499" align="aligncenter" width="800"]
LCI Keeping an eye in case it goes into the gap.[/caption][caption id="attachment_52496" align="aligncenter" width="800"]
SGMS Looks good for continuation over 27.[/caption][caption id="attachment_52497" align="aligncenter" width="800"]
SQ Bear flag setup after disappointing earning.Short watch on a green to red type move.[/caption][caption id="attachment_52500" align="aligncenter" width="800"]
YY China names still acts weak. Watching for a short.[/caption][caption id="attachment_52501" align="aligncenter" width="800"]
CGC Our 100 MA alert worked well to 50 MA target. Needs to see how it sets again. Next time through 50 MA, will have another run.[/caption][caption id="attachment_52498" align="aligncenter" width="800"]
TVIX Volatility ETF holding support. Will watch for day trade only if there is clean down trend in market.[/caption]
