Yesterday was an unfortunate day. We were waiting for another JNUG afternoon long like the day before, it set up perfectly but somehow we didn’t take it which would’ve turned into a nice EOD trade. This definitely has to be marked as a big miss. However, it is nice to see that the overall JNUG chart did exactly what we talked about in prior watchlists.
As you can see by the shorter watchlists the past few days, the market doesn’t offer too many decent daily chart setups at the moment. Therefore, it is even more important to take advantage of the few trade signals we get throughout the trading day.
Playing out perfectly so far from our overall daily chart plan. After yesterday’s $21 touch and retest of the prior highs, we now want to join another confirmed long trend for the potential breakout and $22 move.
Strongest tech name after last week’s tech sector unwind. We are already retesting the prior daily chart highs and therefore want to join a potential breakout above those levels. The plan is to join a confirmed long trend. It would be favorable if we could join such a long trend on a weak open for a r/g and breakout move.
Still staying heavy. We saw some downside yesterday before it grinded into the close. Once the grinding action slows down and the chart gets heavier again we see a potential $51 unwind where we want to take advantage of on the short side.