On Watch 5/25/21 From Dante

 

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SPCE: Liking the look of this a lot, really twisting the knife into shorts backs. Coming into a lot of daily resistance around low 30s, so would love to see one more capitulation move tomorrow am 30+ and then think a huge short trade developing.

SBBP: Ideally open shove towards 3 and then would be all over this for a short idea. Have a feeling it just fails though, so if it gaps down or doesn’t provide any push at all, will just move on – not enough meat to care about in that scenario.

AMC: Only seems right this thing plays with daily resistance again and heads toward that 15 area, with an absolute F U candle through it – everyone is so emotionally charged here and shorts are so adamant they’re correct (they are, but when is the key) that I really picture whoever’s playing with this to create a havoc day in order to continue to exit. Weak open I’m partial to the long idea – no interest shorting unless big gap up or sharp open move into 15s.

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See you out there!

-D