SPX had a pretty impulsive sell off in the morning followed by a strong bounce at the end of the day. The gap at 3360.6 is still left unfilled.
3393.5 still remains an important number as it was the previous all time highs made in 2-19-20 before the Covid pullback and is our support as long as price can stay above.
I have a slightly bullish lean based on today’s...
PAAS will trigger a long entry on a break and daily candle close above the flag. Low volume on this pull back supports the bullish case along with DXY breaking to lower lows on the daily time frame. Pan American Silver Corp should follow the precious metals if they break out. Fibonacchi confluence with a 0.382 retracement off the 3/16 lows and a 0.707 retracement...
DKNG long entry on the break of the falling wedge structure. Daily time frame printed a bullish hammer candle on the 100 moving average which is also confluent with a previous support level and .707 Fibonacci retracement level.
Stop Loss: Daily close below 40.43
Target 1: 40.36
Target 2: 52.13
Target 3: 56.78 (gap fill)
