That certainly is my big question, when will we limit down?… And if we don’t do we have a week long rip higher before it’s time to short again? It really is a hurry up and wait. So, if you’d rather pay attention to energy or just crude in general, I have some ideas for you here.
The S&P 500 let go of its Voodoo fireline last week. This week, it reached the first target of the Voodoo treeline and what happens at that level will likely hold the clues for what to expect next.
We got through the week, enjoy your long weekend, but before you do, check out this video for how I am treating next Tuesday.
After today’s flush, we find the markets deeply oversold with a lot of traders leaning short. Is this a recipe for a short-term rally to the upside? Let’s take a look at what our new indicator, the Big 3 bars, are telling us.
The markets finished today’s session with bearish Big 3 signals on every time frame. In order to see any reversal to the upside, here’s what I’ll be looking for tomorrow.
In this chop, there are three ways I am navigating through the price action, which has been frequently volatile and unpredictable. But we can tame it if we know where to look. Here is the breakdown.
Taking a look at three time frames and time horizons to keep our pipeline of opportunities full. Here is the way I am dealing with the volatility and unpredictability of this market while we wait for a rally to sell into.
In this video, we look at today’s FED actions and the market’s reaction – The FED announced today a 75 BPS rate hike in an effort to try to slow down inflation. This is the fastest pace in 30 years and will have a negative impact on the economy and likely the stock market. Will this move work and how long could it take? The better question is how in the world do we trade this market?