It felt like this week would be a little slower than normal but it only took a few hours on Monday to shred that idea. There is just so much range that there is no need to try and guess bottoms or tops. Missing 30¢ is nothing when the bulk of the move is $3-10.
The twitter/Musk news made for great trades early in the week. Nate took this dip expecting a ramp back near the open.
Nate started in short after a decent rally with a plan to immediately jump out if it didn't fade right away.
MOBQ Failed Follow Through
You can see how each pop failed and dropped lower.
Just a quick early call.
SGLY Failed Follow Through
This is why we do what we do. Members spotting the setup early and calling it out to the room.
Have a great weekend.