Trading the Open in Boeing and the Dow.
This was a textbook setup on the gap down in BA, its effect on the YM, and the Clearing Range trade today that seemed counter-intuitive but nailed it from the open.
This was a textbook setup on the gap down in BA, its effect on the YM, and the Clearing Range trade today that seemed counter-intuitive but nailed it from the open.
While last week’s selloff was fun to play, get ready for this next setup.
With quadruple witching around the corner, here’s what we’ve got going on.
Getting aggressive or “aggro” with entries can be as simple as recognizing when the market has good trend structure as opposed to weaker structure. Minimize risk and know when to press an entry with some simple(r) tools.
This morning’s follow-through in the S&P 500 is providing additional reasons to think that we’re in a multi-week correction in the S&P 500. If so, that will give us better chances to buy later. But we need to see specific action to keep the view on track.