ES! - 200DMA seems to be holding
- 3850 held today, which means selling seems to have subsided and price is finding traction.
- VIX also behaved today and seems to indicate bulls making a comeback. Early but needs to be watched carefully.
- SNAP news yesterday could have triggered final leg of this downturn, if that's the case, we could see short squeeze in some growth names. Indices will follow.
- I am long in COIN, NFLX, and a buy order in SHOP at 312 (if it gets there)...will keep these on short leash until the price action improves.
