There are several daily gaps which have not filled. Breakaway gaps are extremely bullish. The daily gap did fill to my surprise. Scalpers look at the 2 period average true range, $5.00 move in 2 minutes. No watching paint dry here.
Stop $635.00 would likely reverse here. Any opinions on straddles long or short. I may leg into something in the net few days.
Goog chart. I covered where I did using Twiggs money flow indicator kinda like MACD, crossover signal. Will reverse at some point trend still down, looking for a close over $632.00 for reversal.
I do not show P & L or lots traded for my postions. My own personal choice. Ever trade a thin futures market? I took a 10 minute signal short around $632.00 covered at $627.00. The last couple of dollars were gravy, I was only expecting two dollars. There was a massive run up in the last few some of the strongest tape I have seen all year, still bullish on the stock long term but it has to breathe. I am also looking to leg into a straddle here.