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ROOT: Like the look of the daily a lot for some more possible fun tomorrow. Ideally weak open into 13 that gets saved, and then should we base there, most likely looking at 15+ again to take out recent daily support and blowoff 16-17+. If that doesn’t happen, would still be looking at at 16+l level to consider short, has to take out that daily resistance level. If it doesn’t, or weak open, no interest short.
AMC: Don’t underestimate the ability to just keep fading from here. GME being investigated for abnormal trading activity, and very likely that AMC will not be far behind getting one of those letters, so in my opinion it’s much less likely to take off again after the SEC is actually showing they’re not completely dumb deaf and blind. Eyes on any open strength to get short into, and selling continues. Endless amount of shares to be sold here still.
IVR: Really hoping for one more move tomorrow, any early strength towards 4.75+ would have my full attention on the short side. Either way, thinking if it does fail before that, will have some nice follow through lower. Praying for the 4.75+ scenario though, otherwise most likely will move on from the idea, not too much meat if it gaps down.
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See you out there!
-D
Thanks Dante
Thanks Dante, i really like how u share not just the setup you’re looking at but the thoughts and why behind your thinking.