Big Picture SPY:
SPY in an uptrend in the Daily Chart. All time high.
SPY On the 30-Min Chart, closest support at 327.14 – Possible reversal? S2 at 326.82
SPY on the 5-MIN chart – Closest support at 325.87 and S2 at 324.71 – Yesterday traded in a range.
Yesterday’s Range: 325.52 – 326.73
Intraday Fundamentals – BBBY:
Avg. Vol: 8.04M
Current Volume: 40.960.224
Short Float: 48.95% – 120.12M
Short Outstanding: 128.53M
Institutional Ownership: 117.95
BBBY doesn´t look good on the weekly chart – It´s been trading in a range the last 12 months:
BBBY – Yesterday gapped down on elevated volume. Yesterday´s range: 13.31 – 14.90
BBBY – Most likely is going to find new support at S1: 12.73 or S2: 12.42
BBBY – On the 30-MIN Chart – In yesterdays session price dropped and held below VWAP. During after hours the price is holding above VWAP and Anchord VWAP.
Be aware of a reversal to the long side.