SPY - nice steady grind overnight but we’ve still got a decent amount of overhead resistance at this level including the point of control in our volume profile and several moving averages on the daily. Keeping an eye on this symmetrical triangle here but I feel like we’d need some solid positive news to see a break to the upside.
TSLA - I did manage to grab a few puts yesterday on Tesla this thing is a bad news magnet right now. Morgan Stanley just released a worst-case price target of $10 on TSLA so that doesn’t help. There’s nothing but air under $180.
NFLX - As always I’ll be watching NFLX for scalps this morning. I’d like to see a dip to at least $348.88 but ideally $345.69 to get long calls or a push to $356.34 to get long puts. Support and resistance levels are on the chart. Also note that we may have a down-trend line forming (magenta) so watch out for respect to that possible trend line. (Takes 3 tests to confirm a trend)
Looks like we’re up pretty good on low volume here, I’m going to be watching for a dip at open.