Wishful Thinking
Let us discuss why these main key levels in the indexes must hold, or else — where’s the floor, really?
Let us discuss why these main key levels in the indexes must hold, or else — where’s the floor, really?
In today’s video I discuss the key level in the /ES of 4300, why it’s crucial that we hold for any bullish attempt, and what happens when we don’t.
As headlines continue to dominate order flow, one thing that’s been helpful is analyzing sentiment. Traders tend to get the most bullish and bearish at the worst possible times, and if we’re aware of that, we can work to be on the other side of that trade.
The NASDAQ bearishness has remained near the top of the list for shorts we have been wanting to re-enter. You may recall we already shorted this once and we’re doing it again on this rally to the Wave. What is the trigger and validity for the trade? I explain all that in this update.
Inflation is the dominant narrative and continues to be the clearest and best indicator of trends. The FOMC will hike rates in March but the question remains, will inflation trends continue higher, and will rate hikes put pressure on the equities, and where are the best trends if hawkishness drives market behavior?
Earlier this week we laid out a trade plan with a starting point and target objective for the S&P. Tonight I’d like to update that plan with a spot in mind to consider adding to the trade. Original objective is still the same.
In this video, we discuss the push higher into the SPX 4400 level. Why is this an important level and how do we trade it?