SPY: Have to stay bullish over 170.50…as it is healthy to digest these moves higher. Anything that holds over 169.80s is still bullish in my view. Right now I believe we will break that 171 level on the next test…as that will be the third time it’s tested and all with higher lows. All this being said…I don’t think we will see big candles printed as volatility is pretty dry right now.
BIDU: BIDU printed a bear sash candle yesterday…here is how I see it. BIDU pullback is totally fine and expecting after 140 test, this thing has ripped past 3 weeks. 10sma currently 128ish and rising quick. I can see a test of that then rip back higher. Over/under 135 is a pretty good spot to focus on. I like this to break yesterdays lows today and get in that 129-130 before we find support. On the 30 minute chart below the daily chart…you can see BIDU bear flagging as well.
V: This chart has gotten flexible…this is a perfect bear flag set-up with yesterdays candle being a doji right at the 50sma. I’m bear side here and think under 50sma gets us a 183 test…if that fails 180 magnet as target 2
EXPE: Potential gap fill attempt coming here with 50.90 being target 1 and 52+ target 2. Support at 48.30 so that must hold up for me to expect a rip into the gap.
EBAY: Another potential gap fill play…I don’t like this as much as EXPE but still worth watching. 52.25 support and 53 resistance. EBAY doesn’t look great this second but that can change quickly so on watch.
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