With 2022 now in the rearview mirror we usher in the new year next week. By the way, can you believe it? The SPX goes out at balance again this week. Right back to that big OI that we’ve discussed. There is good news though. That… I will save for the video.
It’s been a great year. Thank you for being a part of it and for being part of the Simpler Trading community & family. Next week we start fresh with plans to have an even better 2023. Tonight I’ll offer a review and a plan going forward. Happy New Year!
We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
By the end of the last trading day of the year, the S&P 500 mostly shrugged off a bearish open to the day. That positive outlook might carry over into the start of they year, but it’s unclear how long it can continue after that.
Most expect a huge beginning of the year rally. But if world markets and bonds cannot rally, then markets may make new lows soon.
ADBE is trading right at the 100 SMA on the Daily Chart and continues to hold it as resistance. In this video I walk through a few different trade ideas to consider if the underlying price continues to hold the 100 SMA as resistance as well as some potential targets both up and down in case it breaks above this level.
In this video I walk through both MCD and SBUX chart patterns as well as a few different trade ideas to consider if support levels continue to hold.
Resistance earlier this month at Voodoo Firelines in both the S&P 500 and NASDAQ-100 create roadmaps which point lower. The picture will remain bearish so long as bounces respect Voodoo Lines resistance.