AMZN continues to obey support and resistance at important Voodoo Lines levels including an all-time high at a Voodoo Treeline (the second most important type of Voodoo Line) and then multi-year lows at another treeline. Now it’s at an even more important spot.
Kody spotted potential insider trading by seeing unusual option activity. He combined the order flow to a technical pattern for a high probability setup.
With the 20 Million late sell prints above on the SPY at $458.62. I am waiting to see if that is the top formation of the right shoulder in the weekly head & shoulders formation on SPY. And here are some setups you can play if it does play out.
The indices may not know which way is up or down yet and most sectors are caught up in the same confusion; however, there are certain trends that are thriving and that is where our attention is in this update.
Chop in the indices is frustrating but it does not have to be if you know where the trends are… and that is in the inflation trade. The currencies, countries, and sectors to watch are shared in this update.
Fed Minutes pushed the market into volatile chop this afternoon, but not before a big drop overnight. Take a look and see how we made out.
In this video, we look at today’s price action with the FOMC minutes being released and try to make heads or tails from it. We have had a 500 point move straight up in the last 2 weeks and now we’re seeing some signs of weakness. Is the next move up or down from here? We also talk about trading this market and I share what I am doing that is working.
In this video, we look at today’s price action with the FOMC minutes being released and try to make heads or tails from it. We have had a 500 point move straight up in the last 2 weeks and now we seem to be rolling over. Is the next move up or down from here? Even if we know the up or down, the intra day swings can crush you in a hurry. How do you trade the EKG market swings? Lastly, I share what I am doing that is working and how you can take advantage of it.
In tonight’s video I lay out a plan for the equities going forward based on where we were recently, how we got here, and what that looks like going forward, be it either up or down.