How to Setup Connected Trades.
The recent NQ setup led to a short in the SMH and setup in NVDA. Here’s how having the foundation built in the futures expands out to more and better opportunities.
The recent NQ setup led to a short in the SMH and setup in NVDA. Here’s how having the foundation built in the futures expands out to more and better opportunities.
With corrections happening in many markets, the question has been: What, if anything, has changed? Here’s how I am playing the current market movement.
We are just beginning the ‘run into earnings’ and here is one of my favorite candidates. Why? It is backed by Fibonacci analysis, thanks to Carolyn, and also has a weekly and daily squeeze. Check out the parameters here.
Today we rallied into critical resistance. While I’ve remained bearish the past few months, I think this week could be the turning point. With a little more optimism surrounding trade war resolution with China, this could be the catalyst to break resistance in this bearish trend. Check out what I’m looking for here.
Whether or not the market finds traction on the recent “dovish” Powell, progress on the Trade War front, or general optimism from the market’s current bounce, current levels in the Dow, S&P, NASDAQ, and Russell will be a test for the bulls and an opportunity for patient bears.
Where does the current risk appetite land prices, and what does this mean to the downtrend?