{"id":31098,"date":"2018-07-09T09:01:48","date_gmt":"2018-07-09T14:01:48","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=31098"},"modified":"2018-07-09T12:28:31","modified_gmt":"2018-07-09T17:28:31","slug":"scott-redler-right-shoulder","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/07\/09\/scott-redler-right-shoulder\/","title":{"rendered":"Scott Redler: The Power of a Blown Right Shoulder"},"content":{"rendered":"

Last Thursday, tech and small caps gave clues that it was maybe time to “cheat long” heading into Friday's jobs number and the institution of tariffs.<\/p>\n

Turns out traders sold the rumors and bought the actual news Friday.<\/p>\n

The right shoulder of what could have been a H&S pattern blew out to help ignite the upside. The index has room towards 2800 this week but I'm looking to be in trim & trail mode today.<\/p>\n

\"\"<\/span><\/p>\n

As I said, on Thursday, tech gave clues that markets could be bought. QQQ's cleared the lower-level pivot and filled the gap above $174 to show some power on Friday. Now see if it can hold $175.74 to work its way back towards $177.98.<\/p>\n

\"\"<\/span><\/p>\n

And let's talk about Netflix <\/strong>(NFLX) since we focused on it so much last week<\/u><\/strong><\/a>.<\/p>\n

This was my favorite pattern. It broke above $400 and hit a high of $408.65 Friday, and today it's up another $7. I trimmed some and will manage the rest.<\/p>\n

It's in the game to hit all-time highs but might need to digest first.<\/p>\n

\"\"<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Thursday, tech and small caps gave clues that it was maybe time to “cheat long” heading into Friday’s jobs number and the institution of tariffs. Turns out traders sold the rumors and bought the actual news Friday. The right shoulder of what could have been a H&S pattern blew out to help ignite the upside. The index has room towards 2800 this week but I’m looking to be in trim & trail mode today. As I said, on Thursday, tech gave clues that markets could be bought. QQQ’s cleared the lower-level pivot and filled the gap above $174 to show some power on Friday. Now see if it can hold $175.74 to work its way back towards $177.98. And let’s talk about Netflix (NFLX) since we focused on it so much last week. This was my favorite pattern. It broke above $400 and hit a high of $408.65 Friday, and today it’s up another $7. I trimmed some and will manage the rest. It’s in the game to hit all-time highs but might need to digest first.<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-31098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"yoast_head":"\nScott Redler: The Power of a Blown Right Shoulder - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2018\/07\/09\/scott-redler-right-shoulder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott Redler: The Power of a Blown Right Shoulder - T3 Live\" \/>\n<meta property=\"og:description\" content=\"Last Thursday, tech and small caps gave clues that it was maybe time to “cheat long” heading into Friday's jobs number and the institution of tariffs. 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