More pain came Monday as FANG took another turn down. Facebook got as low as 166.50 which is close enough to the 165 mark that I said it was a screaming buy. Amazon, Alphabet and Netflix continued downward also. I see this continuing a little more as they will retrace to prior earnings highs for Netflix and Alphabet.
I traded options on Alphabet (GOOGL) where I saw it dip down at open, come back near the open price and then continue downward. Here are the charts and how to trade it. The first is the chart showing the 1 minute interval where you find your entry point.
Next you will see the 5 minute interval chart which determines how long you stay in the trade.
I traded options on Alphabet (GOOGL) where I saw it dip down at open, come back near the open price and then continue downward. Here are the charts and how to trade it. The first is the chart showing the 1 minute interval where you find your entry point.
No comments:
Post a Comment