4 rejections off 120
Not Participating in Tech Rally = Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 117 / 105 - 40% PROBABILITY =
1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
TIGHT JOB MARKET = HIGHER WAGES AND COSTS
GOOGLE LAYOFFS
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
Not Participating in Tech Rally = Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 117 / 105 - 40% PROBABILITY =
1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
TIGHT JOB MARKET = HIGHER WAGES AND COSTS
GOOGLE LAYOFFS
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
Note
BEAR PUT SPREAD IN PLAY --SEPT 2 EXPIRATIONTrade active
Breakout proved to be FALSE - adding to the options
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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.