With FOMC coming up on 8/21 I think we're likely to see a lot of sideways action throughout the day. Regardless, I'll be watching for some trade setups before the meeting if they arise.
Tentatively, my sentiment is bearish going into tomorrow (8/21) so I'll be watching for short setups off of resistance at the following levels $301.12, $303.21 and $305.30, this $305.30 is a recurring magnet for us these past few weeks. Current major support to watch for is the $298.00 area. The volume profile shows very little volume traded below $296.07 until the $293 - $291 area with our last recent low bottoming out at $288.00. If we get a very deep pullback I may look at calls.
To Summarize:[/I]
Leaning Bearish
Resistance $301.12, $303.21 and $305.30
Supports. $298.00, $296.07, $292.65, $288
Tentatively, my sentiment is bearish going into tomorrow (8/21) so I'll be watching for short setups off of resistance at the following levels $301.12, $303.21 and $305.30, this $305.30 is a recurring magnet for us these past few weeks. Current major support to watch for is the $298.00 area. The volume profile shows very little volume traded below $296.07 until the $293 - $291 area with our last recent low bottoming out at $288.00. If we get a very deep pullback I may look at calls.
To Summarize:[/I]
Leaning Bearish
Resistance $301.12, $303.21 and $305.30
Supports. $298.00, $296.07, $292.65, $288
Note
Small gap up this morning the $301.12 level will likely be out of play. I have my eye on $298.00 for support for a pullback (rather shallow pullback for NFLX) and $305.30 for resistance for a potential rejection.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.