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SUNW: Thinking a decent amount held this over short, so typical plan on these types – looking for any gap up/panic covers shove higher, back 6+ in a perfect world, and then expecting this to fail and fade off. Very, very stupid one here.
PECK: Similar thought process to SUNW here – very, very stupid move and would look for them to try and induce a cover party before selling off the rest. 10 is the spot of interest for me, nice psych number and intraday resistance today, so if they’re gonna send it, it should be slightly through that level and then looking for sellers to step in shortly after that.
ZM: Expecting pressure to continue here, it’s just so far beyond any logic at these levels even though it’s 60+ points off the highs in the last two days, the reality check correction is really still just beginning. Eyes on the 480s level tomorrow, any early attempts into that area – should it encounter sellers – likely makes a good candidate to be joining pops short from there.
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See you out there!
– D
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