This week bulls need to defend the AVWAP level at 222.47
Sellers may be exhausted here and a reversal is implied looking at historic similar volume and price action. However, break below could see 215/210 zone as next level of strong support. Would be backing up the truck and loading longs if we get a chance that low.
I agree with your premise. I was adding at lows Friday. Should hit 230 again this coming week.
FriscoTrades
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@MendozaTrades, thanks ! She definitely needs to move this week or I will probably close my position (oct cons)
MendozaTrades
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@FriscoTrades, into this weeks sell off. It had great TA, I took OCT,NOV 230 calls when the AMZN news came out. Sold on the pop to 229ish. After this weeks market flush. I anticipate a solid pop ins V and overall markets this week. We need to be quick in current environment.
FriscoTrades
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I was anticipating the market flush to happen before this coming OPEX so I'm definitely excited to see what this week brings : ) Cheers and Good Luck !