Time Frame Trading.
It’s a wait and see for the afternoon session to see if this direction can abate.
With the VIX trading around its 200 DMA pressing shorts is a risky proposition.
GOOGL…947.39 is the Monthly ORL # with resting sell stops! Has to hold this area.
Support is at 985.
This is big stuff with regards to Nasd 100.
We’re coming into the weekly Spu gap. That same gap in Nasd is 200 points lower @ 5471.
Everything has to hold right in here.
Closing Price recovery will be needed above 2379 Spu ( the weekly ORL#) the rest of the week for the Bull to live on without an even bigger correction