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Carvana Co.

Watchlist 2023-04-11 $SPY $BABA $CVNA $TQQQ $SQQQ $SQ

71
SPY - all eyes on US inflation rare YoY numbers, Consensus is 5.2%. If we get 5.1-5.3% I think it is too close to call and would be best to wait for open for a trend to join on pullbacks.
<5.3 is a sell immediately, weak names with high betas like SQQQ, BABA
>5.1 is an immediate buy, strong names with high betas like TQQQ, SQ, IONQ CVNA, GOOG

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VVOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900
UnclePennybagss
Also on:
Pivot PointsSupply and DemandSupport and Resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pivot PointsSupply and DemandSupport and Resistance
UnclePennybagss
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.