SPX continues to trade in a range between 6800 & 7000, and while SPX & QQQ both made some bullish progress this week, they are still at and below the Daily 2 ema and have choppy / bearish trend. Until that corrects, Heather is going to be focusing on trading the SPX with 0DTE – 3DTE trades. In this video, she goes over what she’s watching before she starts adding more swings into her book as well as a few tickers she’s willing to make an exception for.
The same signal that has been active for months in QQQ remains the primary signal, but now a critical part of the market has reached support. The signals imply it will break, but when? Let’s review.
If you’ve been following these video newsletters, you’re already familiar with one caution signal. I’m adding another tonight that I think we have to keep in mind before the bull market can start in earnest.
While the markets themselves are suspect, this is the cleanest tool I’ve found to show what honey badgers are ready to do their own thing, since honey badgers don’t care what the rest of the market is doing.