CYTR has maintained a strong line in the sand at 5.50ish for the past 20 years, especially since 1998. The pattern is still holding. The argument could be made that we have a head and shoulders playing out since 2011 and we’re currently in a double right shoulder. Float slightly higher than I’d prefer but still decent in the grand scheme of things. Scenario 1 - short failed morning push into high 4.90s or 5 and swing the fade risking off 5. Scenario 2 - short weak open or any g/r move risking off 4.50s + 50EMA over/under. Would look to cover near 4 or mid 3s as we crack beneath the 200 EMA.

 

LOOK is overextended on the daily, went parabolic, pulled, now bounce is failing. Long term resistance in the 1.50s. Could short the bounce as it tested the 1.50s today and rejected. Risking off 1.50s over/under. Couldn’t penetrate the 200 EMA overhead and may fall beneath the 50 EMA soon. No shares available right now on etrade.