Thursday, July 30, 2020 12:00:40 AM
LABD/SPXU/SQQQ one hour charts.
I did take a trade on LABD at the blue 50 EMA yesterday at $3.12 and sold some at the top trend line at $3.40 still holding half with a break even stop loss for now, but looking to take profits as close to 3.62 as possible maybe Thursday.
SPXU, I was looking for the markets to go a bit higher this week, so I didn't trade this one yet, but am looking for a buy if price holds the bottom trend line on a pullback.
SQQQ is looking like a spike and range pattern developing. Looking to see what and if price does down around $6 area again.
If the market pulls back soon and this breaks out then the size of the range will be the target to the upside.
I did take a trade on LABD at the blue 50 EMA yesterday at $3.12 and sold some at the top trend line at $3.40 still holding half with a break even stop loss for now, but looking to take profits as close to 3.62 as possible maybe Thursday.
SPXU, I was looking for the markets to go a bit higher this week, so I didn't trade this one yet, but am looking for a buy if price holds the bottom trend line on a pullback.
SQQQ is looking like a spike and range pattern developing. Looking to see what and if price does down around $6 area again.
If the market pulls back soon and this breaks out then the size of the range will be the target to the upside.
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