Market Analysis for Trading on 04/13/2020

Mish Schneider | April 12, 2020

New NTES ATR 14.19-if holds 322, and better 326-the 50-DMA, could see move to 340 or recent highs 360. Watch for open over 328 best and with the tight risk, will look for a 30-min OR breakout. Short trade- MU ATR 2.94 If breaks 44, risk is over 50 max and tighter over 48.80. Then can see, especially if mkt is weak, a move down to 39.00 or lower. QQQ if cannot clear 202 and

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