Scott Redler’s Dog Bytes: Thank You, Elon!

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SPX futures are +4. Friday gave us the 4507 pivot to trade against after hitting a high of 4637. We've had a nice active sequence since SPX reclaimed the 8/21 day around 4335 on 3/15. We'll see if we can rebuild some new patterns to stay constructive as we head towards earnings season.

TWTR is up 22% on Elon Musk taking a stake in the company. Some members of the community flagged unusual options activity, so I got in calls. Thanks Elon! You made my day!

MSFT has had lots of tradable patterns as it cleared $305.50 to see $315+. It hit a low of $305.54 before bouncing. It looks above $310 this morning. See if it holds above that.

FB hit a high of $231 and pulled back a bit. It needs to hold the $222 area to stay constructive. If it can get and stay above $227.50, perhaps it opens the door for more upside.

GOOGL had a big move to $2871. Many got stopped out when it broke $2840. On Friday, some bought with a Red Dog Reversal buy through $2781. Now see if it can get and stay above $2809.

Positions Disclosure as of 4/4/2022 at 9:02 a.m. ET