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March 15 S&P 500 Update – SPY Drops Below the Resistance Line
The markets have been bearish since yesterday, and the worse than expected data is contributing to this bearish price action. $SPY has opened with a very bearish gap below the white resistance line, but is showing some upside below resistance. The weekly candle looks bearish so far, but there is still one more day of […]Read More
March 15 NASDAQ Update – QQQ is Bearish Below the Yellow Trendline
$QQQ opened with a bearish gap below today, and had 3 days of bearish price action so far. The weekly candle looks bearish, and there is risk for more downside. There have been numerous rebounds below the yellow trendline so I just want to monitor and make sure the price continues trending down the next […]Read More
NFLX Options Puts Analysis
I think NFLX is overbought and in need of a correction here. However, I still see a lot of bullishness still. I have a feeling that an options puts trade would work out, but I don’t think this is the safest entry. I think NFLX and the markets could start trending down next week. NFLX […]Read More