SNDK Breakdown Setup
SNDK is showing a daily mini inverse pup and inverse pup breakdown.
This gives a target at the daily lower
Bollinger bands at 62.15 x daily 50
period moving average at 61.85. The daily 5 period moving average resistance
sits at 66.
We are looking for a two day move to tag the daily lower
Bollinger
bands as mini inverse pups give a very specific target as long as the 5 period
moving averages hold their resistance.
The Nasdaq 100 e-minis triggered
daily inverse pup breakdowns. This gives a target at the daily lower Bollinger
bands at 1661. Watch for tests here next week. Good trading gang!
Jea Yu
Jea Yu has been involved
with the equities markets for over 10-years. He specializes with intraday
trading in the U.S. equities and futures markets. To receive a free 7 day
trial to Jea Yu’s Underground Trading Pit,
click here or call 888.484.8220, ext. 1.