Trading Watch List 05-02-2022

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Market pounded yet again. Nasty bid less close  below March low. QQQ next physiological support at round number 300, SPY 400. At this point  market really needs few days of panic type wash out to find a meaningful bottom instead one up, 2down  days and a up day cycle. Hard gap down likely catches a bounce after open but might get faded. Gap up open most likely gets faded.

 

 

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Check out our watch list and game plan:

NVDA Weekly 180 support. If gaps down to 180, see if it can catch a bounce.
DOCU 80 break and stay below might test the lows.
MDB Short watch on intraday setup.
MOS Closed below 50 MA support. Short watch on intraday setup.
RIVN Vulnerable if stays below 30.
SQ Short watch on intraday setup if stays below 100.
BABA Gap up and 50 MA rejection. Short watch, Ideally on green to red. PDD Same idea.

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