Setup in NFLX. 7/20/2021
NFLX is a royal setup with a nice pullback zone of support. It has triggered on the 5 minute.
NFLX is a royal setup with a nice pullback zone of support. It has triggered on the 5 minute.
Check out this week’s video to find out which sectors held up this week, who got crushed, and what still looks promising. The technology sector has been leading the markets higher to new all-time highs this week and ended the week slightly lower, signaling for a potential flush down to the 21 exponential moving average. Is there more downside to come?
After the markets moved back and forth and pushed to new all-time highs, we ended the week slightly lower. We’re seeing some potential signs setting up for a pullback to the daily 21 exponential moving average. Which sectors should we focus on for clean trades?
Here is what’s on the radar as well as the trigger levels for our entries.
There are many ways to configure a butterfly, but the unbalanced is one of my favorite varieties and presents an interesting opportunity for today’s environment in the indexes.
Wednesday and Thursday brought a pause to the markets, and as always, it’s the question of “was that it”? Or is there more significant downside on the way? Tonight we’ll look at my take on those decisions and the strategies I’ve been using to navigate the current environment.
After Powell and before options expiration, let’s look at the trend in the indices and what the key levels to watch are.