Sunday Prep 7/18 - $MRNA SHORTThis is my main focus heading into Monday. It’s getting to be A+ up here. You can see it did a very similar move back in late November of last year. But if this is a repeat of that, then we would need a gap up Monday morning and that would have to hold up and gap 1 last time on Tuesday. Definitely no guarantees that is what is setting up. But I am definitely praying for the gap up tomorrow on this. If we get that, then I will be stalking for lower highs to set in and present some levels to have defined risk against. Remember, if/when this plays out, the downside is NOT just a few points. We are looking for 10,15, even 20pts of downside. If we don’t get the gap up, I will still be interested, but it won’t really be A+ at that point. We NEED this to stay extreme in order to have that big edge.
