Now that the AMC hype train has died down, I can start positioning on some lower risk trades. Been waiting to see this pop.
As long as we dont gap up on open, I'll be taking some here at the 618 - tight stop. If stopped out, will look for rebuys near pivot high. Any break of that and Im out.
Simple. Ez. Smooth 😎
As long as we dont gap up on open, I'll be taking some here at the 618 - tight stop. If stopped out, will look for rebuys near pivot high. Any break of that and Im out.
Simple. Ez. Smooth 😎
Comment:
AMC H8. As you can see, if filled can play a tight stop. If 618 breaks, you still have a structure play in the mid 3s. If that breaks, this can drop like a rock so better to be aggressive with stops, and if AMC can build a base you are positioned well. Keep eyes on SPX and see if we encounter resistance around 5340s
Trade active
Comment:
Reaction!
Comment:
5340s on SPX, Make or Break!
Trade closed: stop reached
Comment:
✌️