HOOD it didn't just crack through 100 like it was nothing today for no reason.. this will almost certainly be sub 100 in the very near future, most likely this week to either establish a double bottom or trend lower: - puts anywhere above 103 are good] - 100 puts 8/22 as a trade idea good luck!
HOOD Roadwarrior, we are also holding under 3 major trend lines, of which we just broke today. If we close today, below these trends, that gives higher odds of more downward pressure. Likely, tomorrow, we test the bottom of today....the closer we close at that low, or if below it, then it really tells us that there is more selling ahead. There is no definitive direction at the moment unfortunately. maybe slightly more odds to go down as we are overbought.
HOOD After dropping sharply this am has recovered about half of the early morning losses. But just keeps trading sideways in a narrow range. Why? And what caused the major drop this am across most indexes?