Buy the Dip or Sell the Rip?
In this video, we look at the big flush we had today after FOMC minutes were released. Is this the start of a downturn of another dip buying opportunity? We will look at levels and try to make heads or tails out of it.
In this video, we look at the big flush we had today after FOMC minutes were released. Is this the start of a downturn of another dip buying opportunity? We will look at levels and try to make heads or tails out of it.
In this video, we look at the big flush we had today after FOMC minutes were released. Is this the start of a larger downturn or another dip buying opportunity? In this video, we look at levels and try to make heads or tails out of it. Lastly, we go over a trade idea in ZM.
After a sell-off through support, is crude oil ready to bounce? Or is it breaking down? And how do we manage it?
Today’s move lower on the heels of the FOMC Meeting Minutes is setting up some great pullback entries if we can get some confirmation of the setups.
DIA Daily still has all of the moving averages on the side of the bulls (royal setup). We have a nice cluster of support on the Daily. Be sure to wait for triggers.
PTON has been under pressure for several weeks, but today saw a 3% gain while the Nasdaq struggled. If we get another bid tomorrow we could reach a level where consolidation would be your best bet. From there we can apply a strategy that should yield a modest, but consistent, profit over the next 3 days.
Voodoo Roadmaps are one of the most helpful tools I’ve added to my arsenal in some time. Not quite the Holy Grail, but they do provide what is usually a path of least resistance, and it’s worth updating as we dissect today’s decline.
Remember those books, they were some of my favorites. Little did I know that approach applies to trading. Here’s how the S&P created a “choose your own adventure” in futures and ETF options.
While September and October have seasonally indicated the potential for pronounced pullbacks, we focus on retracements before making the leap to reversals.