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AMC: Felt like shorts really tried to force it down today after the open rip, and then they all slowly hit the exits into close. With some more gap after hours, I’m hoping to see that continue into premarket tomorrow, and would be interested in fading it back above 40. If gap down/weak open, will likely leave it alone, anyone’s guess from there. But I like the odds of a nice short scalp if we do continue a few more bucks tomorrow morning.
VERB: Sick vol. Really felt like an exhaustion top bigger picture here, so I’m watching this tomorrow to continue it’s descent down. Gap down will ignore, but any morning strength towards 3.50 – 3.75 and I’d be interested in joining short. Like this one as a swing short as well against 4.
SPCE: Now that it’s been beaten into the absolute ground for a week straight, I have eyes on it for that relief rally. Ideal world would be an open wash sub 30, and that would have my attention to look long. This is not one to try and guess the bottom, but I’m getting the feeling the long trade is near now.
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See you out there!
-D
Great info as usual, thanks!