AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.