Hello everyone, CRWD is continuing its move up along with the psycho SPY movement. Keep in mind, what goes up-must come down. Especially when the move is that fast in such a short time. Channel is still bearish overall. Position disclosure: I am short and currently sweating. We need SPY to chill the F out and return to 420 and below. I expect CRWD to retest...
Double top on CRWD intraday, Indicating bearish formation. Therefore, I expected CRWD to flush down with any SPY weakness. SPY has been strong since this Tuesday, next week I am expecting couple of days where it will get smacked down.
bottom line is support, top horizontal line is previous resistance line and angled line is a channel line. at the center where 2 lines meet is a breakout point, basically it needs to go above that to have a breakout or it will hit resistance and move back down possibly to previously shown support. What do you guys think? Basically we need a confirmation of the...