In previous videos, when we have reviewed the major market “levers”, the signals have been clean and the market has moved accordingly… now those same levers are showing mixed signals as we begin next week’s trade. Let’s review the indexes, the major levers, and some stocks with setups into the weekend.
In the free video, let’s take a look at how a symmetrical Fibonacci target was a clue that the market was about to hit an inflection point. Let’s also take a look at some setups for next week.
Following up on intraday bullish bias after yesterday’s sell-off may seem odd, but this correction is just that: An invitation for buyers to scoop up names in this on-going stock market bubble.
As we talked about yesterday, a slightly lower low was in the cards and that follow-through into the weekend sets up a potential day of buys for us on Monday. There is one approach I also like to setup aggro entries: The two red dot trade.
After the big sell-off that we’ve been looking for, what’s next?
And just like that, the market makes a high volume sell-off. Let’s look at what is meeting my criteria for a pullback entry.
I say retracement, and likely exacerbated by the aggro buying through mid-May to early June. Long squeezes are real, my friends. Here’s the watchlist and timing for my potential buys and also how I use shorter term time frames and volatility analysis for the setup.
