Markets put in a lower weekly close and the signals imply a hard break or a external catalyst next week. There are some key levels on tech that I am focused on. We will also review the best sector on the board, and some ways we are playing it in the MTT room.
SPX dipped below the weekly L1 on the quant pivots which is an extreme move, but it managed to close back above. If we get a retest of today’s lows on Friday that can provide a good opportunity for a day trade as we look for a reversal. In this video I’ll walk you through what I’m looking for on Friday to play a possible bounce.
GOOGL and TSLA report tonight, and almost every major world index has daily and multiday squeezes. In this video, I will show you one over/under level on the QQQ to track, and a couple of ideas from the trade room.
The cycle low is in and we got the bounce, but the S&P and the NASDAQ are telling two different stories heading into earnings. Tonight I discuss the 4-hour squeeze in the S&Ps, why the NASDAQ still isn’t out of the woods, and some notable earnings coming up tomorrow. I also cover Bitcoin’s run into its early-August cycle high, and the two liquid proxies I’d use to trade it.