Small caps are back in fashion. They are giving so many opportunities on the long side and then round tripping right back to where the run started.
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You can see each time it tried to ramp back up it would fail again.
If you like to trade news, there is no better place to be than IU.
A lot of headlines bring a quick move and then it’s over. This one lasted all day.
ZAPP Key Level
The .80 level held really well earlier in the day so when it came back and tested it and failed, you could guess it was headed lower.
Risk vs. Reward. .05 or so in risk for 50 in reward.
Have a good weekend.