In this video, we look at today’s market action and discuss today’s /ES pullback from the face-ripping 382 point rally in the last week. We discuss ideas on ways to trade this type of market and where we may be heading sooner and later.
Tonight I discuss a potential ES/SPX support level with target objectives headed into tomorrow & Friday. I also offer a warning for next week with an explanation of why.
Make a plan and work the plan! As I close out each day, I make a plan for the best case scenario, the worst case scenario, and the most likely case scenario. Our Tuesday afternoon plan for the overnight, followed by our plan for the open, both worked out quite well. Having mapped out our if this / then that scenarios allowed us to execute and initiate risk without the burden of second guessing. Check it out!
Looking at the NASDAQ and action at the Equator we have to ask is the pain trade for the shorts aka the short squeeze? Or is the bottom in?
In this video I walk through AAPL and talk about the Daily Chart as well as a longer term Weekly Setup using the True Low indicator. I discuss a few different trade ideas to consider as well as levels to watch on AAPL for timing on an entry.
With indices frustrating sellers and enthusiastic buyers ready for more, what are the trends that don’t require the uncertainty around the FOMC this week?
In today’s video I discuss both HSY and GOOGL. HSY is still hanging out near support with a recent True Low Signal and some squeezes setting up. I discuss a few different trade ideas to consider. I also walk through GOOGL and talk about levels to watch this week, as well as a potential longer term trade idea based off the True Low on the Weekly Chart.
Over the course of a few short days the SPX managed to stage a 7% rally. The natural question on the heels of such a move would be, Now what? This is the question that I am attempting to answer in tonight’s market update.
