The NASDAQ-100 is sitting between the 50 day and 377 moving day averages, while the SP500 Futures are sitting at the 50 day moving average.
Keep those levels in perspective as we’ve been discussing. March 21 lows. We could potentially see some bullish impulses in those areas for day trading opportunities, but as for bullish swing trades, I’d be opposed to doing so (personally) until we have a change in complexion and confirmation. At all times – think risk first as if all that could go wrong does.
TSLA has gapped below our demand zone we identified on April 4th prior to the market open, so you can use that as a resistance level and implement stops as necessary. Also don’t be afraid to utilize scaling-in and scaling-out techniques’ to help reduce risk and averaging costing.