AMZN look for support on the 250day
Amazon stock (AMZN) fell hard after earnings. The 250day moving average has been strong support in 2021. Perhaps again @ $3268.
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Now looking for a dance with the Devil
ServiceNow stock ($NOW) is looking to dance with the devil at the Yr1 pivot point at $666. Good spot to reduce risk there!
DraftKing (DKNG) stock Yr1 to YP
DraftKings stock (DKNG) so far in 2021, the high is at the Yearly R1 pivots, and the low is at the yearly pivots(YP). If the YP's hold, DKNG could rally back to the yearly 50% fib @ $57. Use stop <$40.
NDX futures (NQ) this week 7-19-21
NDX futures (NQ) this week, look for strong support on the Monthly(MP) & Ws3 pivots @ 14,200.
Bitcoin testing the yearly moving average
Bitcoin today, has pulled back to the 365day moving average. It was support last month(June), perhaps support again?
NDX 1k point drop coming
The NDX index is very close to strong resistance at the Yr1 & Qr1 pivot points. I see a possible1,000 pt. pullback coming in Q3 to the QP.
XLK testing strong resistance
XLK look for strong resistance at the Yearly R1 & Qrtly R1 pivot points.
TLT at Qrtly R1 resistance
TLT is testing 1st Qrtly resistance at the Qr1 pivot point. Good spot to scale/reduce some long risk. If price fails to close >Qr1 may open the door for a pullback in the coming weeks/month to the QP.
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