Bullish into next week... 200MA, new support, old resistance
Updated
Currently have Calls on TSLA, ATVI, DIS. Bullish on all short term and long term (including SPY and market in general). The Covid sell off is finished. CDC confirms a .2% death rate- no one cares anymore. Media will beat it like a dead horse, but I believe the market doesn't care at this point. This week was a great test of new support, old resistance. Let's see how Monday treats us. Depending on new this weekend, we may even see a small gap up on these positions, including the SPY. We shall see!!!
• Today finished above 200MA daily - great lower wick
• Weekly candle did NOT finished as bearish engulfing candle- has a nice lower wick
• Big blue chips like ATVI and DIS have been down for a few days, time to start buying bullish again.
• New support today, old resistance.
• Today finished above 200MA daily - great lower wick
• Weekly candle did NOT finished as bearish engulfing candle- has a nice lower wick
• Big blue chips like ATVI and DIS have been down for a few days, time to start buying bullish again.
• New support today, old resistance.
Comment
Would love to hear what any one else thinks from here.Comment
Nice. :) Still looking good.
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.