SPY 340? Part II
Long term sell signals mixed with near term exhaustion, what does it all mean? Let’s review.
Long term sell signals mixed with near term exhaustion, what does it all mean? Let’s review.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
In this video I discuss why it makes sense for the market to go up for just a few days before selling off into May Monthlies.
Despite the broad markets’ wild fluctuations there’s one stock I’m eyeing that’s held well through all of it. Not only do we have a technical setup, but we’ve also got some fundamental reasons to think the drink manufacturer may continue to thrive in this environment.
In this video I discuss a rip higher before re-testing /NQ 11,700 heading into May Monthlies.
Stocks caught a significant bounce from intraday lows on Thursday, but until at least 2 out of these 3 things happen, we’re not going to see a lasting low.
Crude oil is in chop on the daily timeframe but that does not mean we cannot find an edge. Finding an edge can mean shortening the timeframe. In summer, daytrading through chop and panic is an effective shift.
There’s been a good deal of intraday volatility and two-sided trade over the past few sessions. The market as a whole is still bearish, but I want to be aware of this two-sided potential as we get into May expiration.