In this video, we look at the big rally we had today after the big sell-off we had yesterday. The current market is very erratic and hard to predict so I continue to exercise caution. We have several big events coming up to take note of and be aware of and we discuss these and how they may impact the market.
In this video, we look at the big rally we had today after the big sell-off we had yesterday. The current market is very erratic and hard to predict so I continue to exercise caution. We have several big events coming up to take note of and be aware of and we discuss these and how they may impact the market. Lastly, we talk about how to trade this messy market and why we trade it very carefully.
Tomorrow is the official rollover day for the equity index futures and this one has quite the gap that makes for a nice trade setup. I’ll explain that and more in tonight’s mid week market update.
Check this video to see why we looked long this morning with the objective of then selling higher before a potential rollover to close out Q4 ’22.
The SPX has been in a near freefall for several sessions, but this critical ratio is where it found support. We’ll start with this daily approach of support and consider where it may lead prices into the end of the week.
By all accounts we are on the brink of disaster… or are we?
The Dow 123 pattern is a classic, centuries-old pattern that I have been using for over 20 years. The chop on the daily timeframe is not telling us much but this pattern could be important if it completes and triggers.