Huge amount of buy side liquidity flooded into the market today. I think it has to go somewhere and being as we're revisiting the .78 level on our fibs, I really like downside here. AMD also formed equal highs earlier today (not shown) which makes me think there's a short opportunity tomorrow or Wednesday into the remainder of the week. Chips should be very interesting.
Note
Idea invalidated next day with us breaking the high in pre-market, throwing this idea out.
Money really does grow on trees.
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Money really does grow on trees.
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.