With FOMC coming up on 8/21 I think we're likely to see a lot of sideways action throughout the day. Regardless, I'll be watching for some trade setups before the meeting if they arise.
Tentatively, my sentiment is bearish going into tomorrow (8/21) so I'll be watching for short setups off of resistance at the following levels $301.12, $303.21 and $305.30, this $305.30 is a recurring magnet for us these past few weeks. Current major support to watch for is the $298.00 area. The volume profile shows very little volume traded below $296.07 until the $293 - $291 area with our last recent low bottoming out at $288.00. If we get a very deep pullback I may look at calls.
To Summarize:[/I]
Leaning Bearish
Resistance $301.12, $303.21 and $305.30
Supports. $298.00, $296.07, $292.65, $288
Tentatively, my sentiment is bearish going into tomorrow (8/21) so I'll be watching for short setups off of resistance at the following levels $301.12, $303.21 and $305.30, this $305.30 is a recurring magnet for us these past few weeks. Current major support to watch for is the $298.00 area. The volume profile shows very little volume traded below $296.07 until the $293 - $291 area with our last recent low bottoming out at $288.00. If we get a very deep pullback I may look at calls.
To Summarize:[/I]
Leaning Bearish
Resistance $301.12, $303.21 and $305.30
Supports. $298.00, $296.07, $292.65, $288
Ghi chú
Small gap up this morning the $301.12 level will likely be out of play. I have my eye on $298.00 for support for a pullback (rather shallow pullback for NFLX) and $305.30 for resistance for a potential rejection.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.