Didn't make a prediction for today....some pictures to re-cap yesterday...
Not the most "high-probability" trade, but still....
Gap-up should be faded until NDX really started re-bounding... (first red arrow)
Second red arrow was based on clear weaknesses in NDX and TSLA. The move was sharp, so that was a nice 1.5% short.
After NASDAQ really failed to fill the gap three times, while made the same low twice....you could really play it long...
Nice channels, pretty easy throughout the day...
GAP STATS FOR TODAY
gap-up list both:
ALXN - gapped up 20 cents, filled
ENDP - gapped down, 30 cents, filled
NFLX - gapped up 1.61%; NOT FILLED (filled 80% of the gap)
gap down only:
DTV - 0.46% filled
QCOR - 0.56% filled
Note: NFLX didn't fill on 80% chance. It had news and analyst upgrade. For safer plays, gap trades could be closed anywhere after 60-70% fill. Especially, if they turn against you.
Also, news should be checked prior to the entry.
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