Carolyn Boroden is a Commodity Trading Advisor and technical analyst who has been involved in the trading industry for over 25 years. Her background includes working on the major trading floors including the Chicago Mercantile Exchange, the CBOT, NYFE and COMEX, where she eventually shifted over to focusing on technical analysis of the markets.
Regarding the latter, it may be time to protect profits on long positions
If the bearish pattern is going to re-assert itself this would be the natural place in time for it to begin.
Here's how to play the market and NFLX at this key juncture.
The path of least resistance is lower, but we can anticipate a possible tradable low that could start this holiday week.
Traders need to understand their definition of risk, what they're shooting for and how to manage their positions.
Both rely on dissecting the tech giant's charts, though one method is more dangerous than the other.
A debit call spread is one way to play the ETF; we also check in on Tesla and Weight Watchers.
WTW charts may still be bearish, but expect a possible tradable low around these support zones.
Studying the daily, weekly and monthly movements of the key index offers clues on where we may be headed.
A key price support decision on SPY will provide support to the bullish strategy on BA and PYPL.
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