*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Futures:
After today’s strong and impulsive sell off we find the indices at a key spot yet again. It is very important to watch the structure of this bounce that is in progress. I expect it to be corrective, but the height is TBD. I am watching $RTY in particular to make the first move lower. However, there is the possibility that this bounce becomes impulsive in structure – in such a scenario, the lows would likely be in and I will be looking to get long some of the market leaders ($AAPL $AMZN)… Heading into tomorrow my plan is to look for short opportunities while monitoring futures for bearish confirmation.
$ES (View)
$NQ (View)
$RTY (View)
Setups:
$BA (View)
- Looking for a corrective bounce to $212 to enter short… this feels like deja vu. I will be leaving a bit wider stops this time
$MRNA (View)
- Looking for a rejection from $427-430 for a quick move down to $406. This will be in addition to my current short position. All stops above $435
$APPS (View)
- After an impulsive move down, I am looking for a bounce to $65 to enter short towards $60 and below
$AFRM (View)
- I have been patiently waiting for this setup… One good flush would likely provide a good entry. I am keeping an eye on the options flow as well
$DKNG (View)
- $DKNG bounced from the key zone into the close. I will be watching for impulsive action to enter long, but this will likely take a day or two to fully develop.