Sunday Prep 9/12 - $NIO Really Struggling With 20D SMA

NIO is really struggling with the 20d. I feel like if this loses Thursday’s lows, I want to be shorting all pops afterwards. I would also look to possibly fade an opening push into the 38.60 area. You can see that was a pretty big level on Friday and you’ll have the 20d just above you as well.