![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2022\/08\/SPX-29_Aug_2022_07_04.png\")
<\/p>\nWe have mostly red arrows around the world as central banks remain hawkish in a tough fight against inflation. Powell's remarks at Jackson hole saying it will take some pain and sacrifice brought out sellers. The\u00a0SPX<\/b>\u00a0sliced below 4144 and 4120 to make a low of 4056.<\/p>\n
This morning it's getting some downside follow-through. I'd think 3980-3990 holds (around the 50 day) if we get there.<\/p>\n
I\u2019d use 5-15-30 minute lows to buy against for tactical cash flow. Pressing the morning could be tough with the Oscillator -60.<\/p>\n
<\/p>\n
AAPL<\/b> did a Red Dog Reversal sell Friday around $170.14 to get some out and it hit a low of $163.56. $159ish is gap support below to measure. Or use a 5-15-30 minute low. Watch this for clues for today.<\/p>\n
MSFT<\/b>\u00a0hit a high of $294 and then stopped most out around $289 when the accelerated trend broke. On Friday it hit a low of $267.98. I\u2019d cover some. Maybe there's a trade vs. a 5-15-30 minute low if this market wants to find some footing today.<\/p>\n
AMZN<\/b>\u00a0stopped most out around $140.78 Now it's just a tactical trade.See if there's a 5-15-30 minute low to trade against. It's in the post-earnings gap that is open down to the $123 area.<\/p>\n
GOOGL<\/b>\u00a0broke its ascending channel to stop most out around $119ish. It did lag on that June bounce. It made a low of $110.19 Friday. Maybe there's a trade vs. the $108 area.<\/p>\n
META<\/b>\u00a0is still very challenged and might make new lows. $154 is a big area. $159.77 is micro support.<\/p>\n
NFLX<\/b>\u00a0had a great post-earnings sequence from $216 to hit a high of $251+ with lots of pivots to play for cash flow. Most sold into strength or used $241 as a stop. On Friday it did a Red Dog Reversal around the $234 pivot and hit a low of $223. $217ish is pretty big support. We'll be tactical here.<\/p>\n
Scott Redler Positions Disclosure<\/strong><\/p>\n We have mostly red arrows around the world as central banks remain hawkish in a tough fight against inflation. Powell’s remarks at Jackson hole saying it will take some pain and sacrifice brought out sellers. The\u00a0SPX\u00a0sliced below 4144 and 4120 to make a low of 4056. This morning it’s getting some downside follow-through. I’d think 3980-3990 holds (around the 50 day) if we get there. I\u2019d use 5-15-30 minute lows to buy against for tactical cash flow. Pressing the morning could be tough with the Oscillator -60. AAPL did a Red Dog Reversal sell Friday around $170.14 to get some out and it hit a low of $163.56. $159ish is gap support below to measure. Or use a 5-15-30 minute low. Watch this for clues for today. MSFT\u00a0hit a high of $294 and then stopped most out around $289 when the accelerated trend broke. On Friday it hit a low of $267.98. I\u2019d cover some. Maybe there’s a trade vs. a 5-15-30 minute low if this market wants to find some footing today. AMZN\u00a0stopped most out around $140.78 Now it’s just a tactical trade.See if there’s a 5-15-30 minute low to trade against. It’s in the post-earnings gap that is open down to the $123 area. GOOGL\u00a0broke its ascending channel to stop most out around $119ish. It did lag on that June bounce. It made a low of $110.19 Friday. Maybe there’s a trade vs. the $108 area. META\u00a0is still very challenged and might make new lows. $154 is a big area. $159.77 is micro support. NFLX\u00a0had a great post-earnings sequence from $216 to hit a high of $251+ with lots of pivots to play for cash flow. Most sold into strength or used $241 as a stop. On Friday it did a Red Dog Reversal around the $234 pivot and hit a low of $223. $217ish is pretty big support. We’ll be tactical here. Scott Redler Positions Disclosure<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-63556","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"yoast_head":"\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-8.57.48-AM.png\")
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