SPX — 1950 is still the key level. Watch how price behaves relative to that this week. Still no purchase below 2040.
DJIA — Price failed inside the Magnet Zone… Watch last week’s high and 17,000… More like 17,500 before you can consider a purchase…
QQQ — Former students of mine keep reminding me that I’m “wrong” by $7 so far. I wouldn’t be interested in a long position until I’m “wrong” by at least $11… up around $108.
EUR — The Euro is in a long term downtrend. Use the box to identify short entries and control risk…
FB — One of the names helping hold the overall market up… Watch how price acts around the top of the box next week.
AMZN — Sharp bounces tend to be fleeting… If price starts back to the downside, watch the $480 level.
NFLX — Support held at the $79 a few weeks ago… the real question comes now… Wouldn’t consider a long unless price can get back above $102.
GOOG — Price is still structured positively, but is at the bottom of its recent range. Above TVZ so longs ok, but tight stops.
A lot of questions should get answered this week. Make sure you’re listening…
P.S. There’s more behind the membership wall. Get a free E Membership by clicking the link below.
[button_3 bg=”silver” text=”register-me-now.png” align=”center” href=”http://www.theartofsimpletrading.com/membership-account/membership-levels/” new_window=”Y”/]