The Bears Have a Decent Shot Today
by Tony Rago
New week, new opportunities to make money!
Tariff headlines prompted a gap down at last night's open, and that gap has not been filled so far. The bears have an opportunity today to capitalize on these headlines; they need to push under the overnight lows and seal them off.
That's probably easier said than done. Every dip has been bought so far, but I'm starting to see some cracks in the veneer here... and support levels have been tested multiple times.
Earnings start this week so we could finally get some decent volatility in this tape!
Take it one trade at a time today; wait for confirmation of a directional move, and don't go out there without your free download of the Pre-Market Playbook...
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