Setup in ZM 8/17/2021
This is a counter trend setup, but your risk is defined. Be sure to wait for triggers. Setup + trigger = trade entry and then you manage.
This is a counter trend setup, but your risk is defined. Be sure to wait for triggers. Setup + trigger = trade entry and then you manage.
The tech weighting has never been more important. What’s next for the NASDAQ is likely what’s next for the market.
These four markets continue to perform well for us and we want to stick to where the clarity is best. Let’s take a look at the next round of entries.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Bonds gave a big signal this week and that may change how money flows into the market going into next week. Let’s review the signal and what it may mean for stocks.
If there is a knock against this strong market, it’s the lack of participation, and that may have changed this week.
While gold, crude, and bonds continue in our favor, the equities market has seen more uptrends develop.
In this video, I give updates on NQ Daily and also the 30 minute chart. Have a great weekend!
I don’t spend a lot of time dissecting the news, but I caught a headline today that we’ve got to take a look at. The implications of it are far reaching and there will be plenty of opportunities along the way.