Roku has been a market leader for all of 2018. after a bit multi day pullback here we are testing the 50sma for the first time in a couple months. This has been a key bounce spot on this name.
The
QQQ and 
IWM are oversold now we could very well bounce into the close. I am long a few of these for a daytrade. Will turn to swing trade if it can close green and market can ramp up here this could be a nice multi day entry. The close is key!
Concerns for the trade are theQQQ conditions. the tape is weak and TTVIX is elevated intraday if TTVIX can stay under vwap that will give us the push we need to ramp.
The
QQQ and IWM are oversold now we could very well bounce into the close. I am long a few of these for a daytrade. Will turn to swing trade if it can close green and market can ramp up here this could be a nice multi day entry. The close is key! Concerns for the trade are the
QQQ conditions. the tape is weak and TTVIX is elevated intraday if TTVIX can stay under vwap that will give us the push we need to ramp.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.