Archives: Daily Videos
SPX Nears Major Fibonacci Target (1% Away). What Next?
Two weeks ago I put you on a bullish path for SPY. I didn’t know it was only going to take 2 weeks, but we’re now only 1% away from our targets, having made a 5% advance from our conversation. This is the kind of precision traders dream about. Now, where does the SPX go next, and how do you trade it without getting chopped up?
First Sell Signal In 15 Trading Days?
This doesn’t mean the market is crashing tomorrow, but it DOES mean the momentum pattern finally broke. When that happens, you tighten stops and start planning for the most likely next move: a pullback into the pocket zone and a test of the 21 EMA.