Good morning traders!
Hope everyone had a great session yesterday, especially with the change in direction seen in Emini and many of the high flying stocks.
AVGO 0.00%↑ hits 921 from 685
AI 0.00%↑ hits 48 from 18
TGT 0.00%↑ hits 133.5 from 160
AAPL 0.00%↑ hits 178 from 165 (Calling for ATH before ER)
NVDA hits 420 from 300 (ATH achieved)
S&P500 (Yesterdays Session)
Emini opened above long level 4231 but there was a strong wave of selling to come in that brought price right down to 4220 short level. This sell was seen also in many of the stocks provided in Daily Plan. This offered much more attractive prices for longs as nearly all my levels were relatively far away. While it took time for direction to settle in, we got the sell down into 4220 for 20 handles then continuation down to 4194 OVN nearly hitting short target 4188.
Is this the start of the breakdown?