midweek_watch_9-01-21

TrueTraderOfficial

MY LEVEL: 252.50 WHY: Gap fill, psychological number. It also puts you at 50% retrace from the nearby high and low

TrueTraderOfficial

MY LEVEL: 37.10 WHY: Gap to close. I want to see this GAP up to 39, a quick drop to 37 (prior resistance and prior close) and then look for a 30%-50% bounce from where it came from. (e.g. if it drops $2, I'll look for $1 profit)

TrueTraderOfficial

MY LEVEL: 46.40 & 47.50 WHY: Monthly pivot (46.40) and QUARTERLY pivot (47.50)

TrueTraderOfficial

MY LEVEL: 77.20 & 73.50 WHY: Prior support and annual pivot. I think we're going to see a nice bounce tomorrow (Thursday Sep 2, 2021)

TrueTraderOfficial

MY LEVEL: 20.30 WHY: 200d SMA and whole number (psychological). Small miss in revenue but I like the look of this. Let's see if it holds $23. Has had strong support in this area.

TrueTraderOfficial

MY LEVEL: 191 WHY: QUARTERLY pivot, monthly pivot, 200d

TrueTraderOfficial

MY LEVEL: 101.30 WHY: Quarterly Pivot, prior support

TrueTraderOfficial

MY LEVEL: 120.35 WHY: Monthly Pivot, support areas. Playing this one safe. If we have a down day in the market I want to be prepared.

TrueTraderOfficial

MY LEVEL: 130.05 WHY: 50% Retrace from recent red to green move. That area is also about the ATR away from where it closed. Might gives us one more day of continuation. I'll take it off 130.05.

TrueTraderOfficial

MY LEVEL: 40.10 WHY: 200d, 20d, 2x Prior Day Lows. Great range (ATR $2.25). Will be a tight trade but can present great reward