I tried catching the falling knife that was NFLX this morning. I went long at 222.50 and stopped out around 218.75. I’m not sure what has the stock so weak this morning, but I was playing for a snapback.
I had an early picture to go long $ES_F right around the opening bell but never got my fill. The next look came to the short side just after 11am and I took two contracts for 1.5 handles each.
The spooz are still threatening more downside action, I noted the single prints from 1663.50 – 1659.75 in my morning look. If we trade through 63.50, I would be prepared for a swift move to retest the 1660 level. However, the big move last week is looking corrective in nature with the trend upward still very much intact.
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Nice MM.
dr2 = 1662
Not sure what that means, rode the single prints down just now, $$$
the us. equities time frame resistance level 2 pivot 62-56.25 dr1 just now.
i use them as my buy/sell targets for my style of trading
I see, very nice