Yesterday, I sold out of the rest of my FEYE long above $31.50 in real-time.
In order for me to revisit the trade for a quick, dumpster diving long, at this point I would want to see the stock make another run towards $32.
You can see the zoomed-out 30-minute chart, below, offer the well-defined setup.
Until that happens, I am laying off the action.
Elsewhere, Netflix is enticing on the short side into this pop (see my earlier post as to why).
Mostly, though, the market is still a choppy mess with the Russell pinned below its 200-day moving average, and I am staying cash rich.
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