Don’t Chase the Bounce, Trade The Cycle Low Instead

2026-07-21 / John Carter

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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.

If you want a way to get paid when the market goes neutral like this, you don’t want to miss what Henry’s putting together. He’s running a free session on his unbalanced butterfly setup, the same 0DTE income approach he leans on when the tape goes choppy and directionless. Save your seat here:

2026 Q3 HG Unbalanced Butterflies – WR2

John Carter

John Carter’s father was a Morgan Stanley stock broker. One day during high school, John came home from the mall where he was working at a store making cookies. He had saved up $1,000 over the course of a few months and his dad told him that he and some of his friends were going to buy “some call options on Intel” the next day. With his father’s direction, he bought 10 call options at $0.75, and sold them a few days later for $1.50, doubling his money. He was hooked and has been trading ever since—going on 25+ years now.