Staying The Course
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Staying The Course
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Market Correction Must Know, Key Levels, and More…
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Analyzing Support in the Nasdaq + Microsoft
The Nasdaq did its best to cling to critical support zones at the 200 SMA on the daily chart, and the 50 SMA on the weekly chart. However, Microsoft was a bit weaker, closing below the 200 SMA on the daily and just barely above the 50 SMA on the weekly. Danielle is not buying yet, but these are the zones to watch.
Trade Recap: Bearish SPX Put Calendar
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Is It Time To Buy The Dip?
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Smart Money Sells Into Dovish Fed
This seems like a case of buy the rumor sell the news, with Powell coming out Dovish at this week’s FOMC meeting. We know the MAG7 had been getting sold into over the last few weeks, but there was a rotation going on into other areas. Those also got hammered at the end of this week, so the real question is: how long will this go on for?
One New Buy Signal
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