Trading Watch List 06.12.2020

Nasty rug pull type of day! After such a bug run, a pullback was anticipated however no news speed of Thursdays sell captured many by surprise. SPY closed above that huge 300 location. Bulls wish to see this location defended on a closing basis else things may get dicey. After a big down day, if we have another gap down open, I will be looking for a bounce.

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DKNG 20 MA defended. Line in the sand for now.RCL See if 20 MA holds for a bounce.OXY Another flush to space fill and 20 MA should be decent for a bounce.ZI One of the strongest recent IPO. Watching on red to green at open, ideally under 7 and then over 7.

Here is the watch list and tactical plan:.

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Nasty carpet pull type of day! SPY closed above that huge 300 location. Bulls desire to see this area safeguarded on a closing basis else things may get dicey. After a big down day, if we have another gap down open, I will be looking for a bounce.

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