I think TSLA is going to pull back a little bit farther before continuing higher. The target is slightly below a recent high and the stop is below all the EMAs. As long as it pulls back far enough for the entry to trigger, I'm fairly confident this trade will work.
The SPY has had a lot of white candles in a row. I would love to see a black candle on Feb. 20th to bring us back down to the 50 ema on the daily. Perfect location to buy before it continues higher.
Looks like a good place for Target to pullback before continuing bullish. The stop is below the 10, 20, and 50 EMA on the hourly, as well as the 100 and 200 SMA. I believe that will be too many averages for it to breakthrough to trigger the stop. Hoping to be in this trade for less than 2 weeks.
Who knows what happens with the crazy volatility in the markets, but I'm hoping for a small pullback on Target to trigger this bad boy. I figure it's going to move quite a bit tomorrow. Time will tell.
This has been coiling for a while. I'm waiting for a breakout.
Pepsi may pull back but I don't think it will turn bearish. It would have to break through all the moving averages.