The Market Is Chopping, This Chart Is Setting Up

2026-09-15 / Allison Ostrander

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MDLZ has been stuck sideways and just came back down to support, and so far it is holding. I have bullish signals on the Compound Breakout Tool, squeezes stacked across the board, and some recent True Lows. My line in the sand is $60, and I walk through both the quick scalp and the bigger picture version of the trade.

John Carter goes live Wednesday, September 16 at 6 PM CT for the second SPX Advantage session. He is walking through the real time market data he uses to build a directional bias during the trading day. Free to join.

Allison Ostrander

Allison graduated from Stephen F. Austin State University with a Bachelor of Fine Arts degree in Theatre. Wanting to make sure she wasn’t going to be a starving artist while pursuing theatre, Allison took up trading options after seeing her father successfully do the same. What started as an experiment with a paper trading account quickly grew into a passion. She decided to pursue trading full-time while investing in personal coaching classes. As a result, Allison was so successful that she made back her investment in her first trade! After that, there was no looking back.