Pretty straight forward in the face setup.
Here are pros-
+Got added to s&p500
+massive volume shelf from multi year above 80 which we are above
+beautiful gap from q1 2025 to ride from $85 to $120
++Relative strength strong vs spy for 55 period(thats what I use)
+++ $100 Psych level is a MAGNET - it will pull !!
cons-
-200sma above that cleanlu aligns with a multi month resistance and 0.5 fib from ATH to bottom in april 25
-- If software earnings are poopy then definitely bumpy ride up but all software names and cybersecurity names are all having good chart pattenrs meaning earning is good for q2 and all want to pop
How to play-
+Sized up and risk that gap below neat 21ema
+take 60% off at 200sma + watch behavior if flags next day add back in else ride to the 0.5 fib in the gap
+take 30% off at $100
+ride the rest to $120 or untill 21 breaks
(IF IF IF 9ema holds steady then keep runners)
Today is 7/23/2025 so lets see what tomorrow brings- Good luck if get on the train but manage risk first everything else later !
Here are pros-
+Got added to s&p500
+massive volume shelf from multi year above 80 which we are above
+beautiful gap from q1 2025 to ride from $85 to $120
++Relative strength strong vs spy for 55 period(thats what I use)
+++ $100 Psych level is a MAGNET - it will pull !!
cons-
-200sma above that cleanlu aligns with a multi month resistance and 0.5 fib from ATH to bottom in april 25
-- If software earnings are poopy then definitely bumpy ride up but all software names and cybersecurity names are all having good chart pattenrs meaning earning is good for q2 and all want to pop
How to play-
+Sized up and risk that gap below neat 21ema
+take 60% off at 200sma + watch behavior if flags next day add back in else ride to the 0.5 fib in the gap
+take 30% off at $100
+ride the rest to $120 or untill 21 breaks
(IF IF IF 9ema holds steady then keep runners)
Today is 7/23/2025 so lets see what tomorrow brings- Good luck if get on the train but manage risk first everything else later !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.