Why I am bullish going into next week
Here’s where I see the current oversold bounce moving higher to.
Here’s where I see the current oversold bounce moving higher to.
I scan the markets for directional bias and what to keep an eye on for next week.
Wild swings once again in the markets seems to me like funds are unloading large positions, and at the same time buying more somewhere else, whether that’s in a different sector or equities. Either way, the volatility is here to stay. In this video, I share my thoughts about being short the indexes and being long momentum stocks. Right now is a great time to watch positions, specifically if you’re newer to trading. I think eventually we start making higher highs, once the dust settles.
Another crazy day in the markets, and I have to stick to my rules of taking smaller positions and only shorting the indexes. My favorite bullish setups are still trying to test their hourly-50 to the downside, but once we start to form some type of respectable bottom, I want to buy PINS, NVDA, and MSFT on the pullback.
Daytraders can have more confidence in the direction of the market when they look for these patterns.
Bullish setup zone in ISRG… your risk is defined on a Weekly and a 15 minute.
What are the patterns that give me an edge when I am determining Directional Bias and breakout levels?
Some weeks are going to present events that lower the probability and predictability of the patterns we watch for.