WYNN is still a short with this market gapping higher. The longer term trends are still negative so until we see the moving averages turn higher, one should look to sell into strength.

Daily – Downtrending with 8 period below the 21 period

Hourly – Downtrending with 8 period ema acting as resistance and below the 21

30 Minute – 8 period below the 21 with 21 acting as resistance

15 minute – 8 below the 21 period with 21 acting as resistance

5 minute – Oscillating above and below

We are opening up near 132.50 which is the 21 period ema on the hourly timeframe. I would look to sell this pop and possibly buy back lower if the moving averages hold up and start turning higher. The stock is not a long yet.

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