4 hours ago
3
Traders,
Heck of a finish last week, which has set the tone for the watchlist. As I walked through in great length at my recent Inside Access meeting, Thursday’s confirmation of a bear trap really laid out the path for follow-through on Friday.
Friday’s close, across the board, was fantastic…and it definitely makes it easy to get all bullish with so many fantastic charts…seemingly everywhere I look. In this tape, who’s to say what happens next, though. My key focus will be whether QQQ’s breakout attempt holds or fails and trades back firmly in the range.
For now, though, after Thursday’s bear trap confirmation and Friday’s close, I’m preparing more for potential upside follow-through. If QQQ / the overall market fails on the breakout and falls back within the range, I’ll exit quickly and certainly will not force a bias on this tape. At the end of the day, we are still in a range!
There’s a bunch on my watchlist, so I’ll be a bit briefer than usual for each name.
ETHA / IBIT: I absolutely love the false breakdown in ETHA, sub-18, only to reclaim sharply and close HOD on Friday. I’m long from Friday, and looking to...
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