We may have a pivotal week ahead of us, so now is a good time to pay attention to a few things that will give us a roadmap to our next moves. The daily Ichimoku Cloud on the ES has continued to serve as a good signal to buy the dip while point of control (POC) and the 50-day simple moving average are two other good indicators to keep in mind as we approach our trades this week.
Here is our Focus List:
NVDA – Let it pull back and settle near the mean. We’re stalking some intraday squeezes for a continuation, but it needs a little break before it gets there.
FB – Setting up a daily squeeze under the all-time high (ATH). Waiting on tech to make a move.
GOOGL – Similar to FB, currently sitting right under the ATH and waiting on tech. Be patient!
ROKU – Firing on the daily squeeze and above the daily Ichimoku Cloud. If it holds at 380, then it has a chance to hit our goal of 400.
SNOW – Watching the daily squeeze. Also watch for rebalance buying to break through 256 and move toward 280.
ETSY – Keeping an eye on a daily wedge and a daily squeeze. There is also a gap fill above that we can look at.
Stay Focused!