Trend, Structure, Momentum
It’s a short week for the market, but the structure of key charts continues to lean in the favor of the bulls. Here’s a few of my favorite setups that looked poised for more upside, market-willing.
It’s a short week for the market, but the structure of key charts continues to lean in the favor of the bulls. Here’s a few of my favorite setups that looked poised for more upside, market-willing.
The bulls have done a good job keeping much of the progress they made over the last few weeks. From here, a path into the daily 200SMA seems likely, and here’s a few of my favorite setups that should benefit from more strength in the market.
The setups don’t have to be fast and furious but rather 1) Find Directional Bias and 2) Wait for our pitch.
Here’s where the journey higher is reaching the resistance that makes higher highs more vulnerable.
In this video, I discuss the action we typically see in the market during the holiday week as well as when SPX attempts to break above the 100 SMA after being in a bearish trend. I also walk through two different trade ideas to consider given the chart analysis.
In this video I walk through the charts on META and discuss the overall bearish sentiment as well as several different trade ideas to consider if you are looking to play this back down to 100 or lower.
Sideways yet again. All roads seem to still lead to 3960 ES as they have for over a week. Tonight we will try to make sense of the next leg and which way that may be, but for now it’s just more of the same.
Quiet market conditions as the volatility comes in on lower volume holiday trade. Coffee found a bid that we can certainly monitor for follow through. Energy came to life today. Treasuries and metals appear to have developing setups. There are a few hot spots to point out.
AirBnB has been an interesting company to study for the past few years, and while I don’t know what the future holds, it seems users may be getting a bit tired of the long list of fees associated with booking. All opinions aside, let’s check the chart and see what it might be suggesting for the first quarter of 2023.