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Video Update - Repeat the mantra, no pivot.
Market said, "NO PIVOT".
Great. Well, good thing that IWM already held a multi year support and this is now an interesting retest to try to get back on the levered beta side.
IWM is coming back to the monthly pivot along with the 20EMA. Also happens to be the quarterly pivot point. I'm going to be watching this as the main play. Video below and link here
Not too happy about this SNOW chart, and will call it quits as its back to main long entry idea. If we can't start to hold this 150 range, get out.
UBER is kind of interesting here in the sense that it is retesting the highs prior to breaking out. Keep an eye on that one as its had a lot of relative strength recently. It has outperformed the S&P by 17% and 4% alone this week.
What is an interesting short here is banks. This was a clean daily 9 sell setup off the anchored VWAP from the August highs.
One stock that I am pretty long is REPL. This has had A LOT of relative strength. Outperforming SPY by 30% over the last 6 months. Really trying hard to break out, even in a down market.
ETSY had very strong after hours performance, and we were long the 100 puts back when it was at 110. I don't have a trade here but if the earnings momentum is strong, that is a good low to shoot against near 85.
HOOD broke out, so I would be trying to trade the 9/20 EMA off this move.
These are my main plays. See you in Discord.