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A Focus on Fibonacci
The S&P has been fitting into Fibonacci analysis fairly well here recently, and that helps us with levels for Friday. Let’s review these proportions along with one post-earnings momentum play.
Gold and NASDAQ One Hour Chart Swings
In this environment, using the one hour charts and volatility zones continues to offer the setups for traders using one to three days time horizons.
Busy week so far, but wait until next week!
In this video, we look at today’s market action and talk about the continued wild swings we are having intraday. We are in the middle of earnings season as well as a lot of economic data coming out. What important things are coming up and how do we trade them?
Riding the Wave
We are obviously trying to ride this wave upstream and in doing so, buy the trough and trim at the crest. Let’s try and keep with the same as I’ll lay out a plan for the next leg in tonight’s update.
Trader Call Recap
Today marks the first monthly trader call among Simpler traders, and I think a recap of that conversation may provide some good food for thought. Let’s start there and see where it may lead into next Wednesday.
One Hour Chart Swings
In this environment, if we change the time horizon, we can find more setups and more reliable follow-through. Here are examples of what I am doing.
ADBE Finally Breaking
ADBE was stuck in consolidation but is finally starting to look like it is going to break, in this case to the upside. In the video I walk through the charts, potential targets, and several trade ideas to consider.
Wash Rinse Repeat
This week’s plan is a lot like last week’s in that we still like the long side but yet again early this week find ourselves at the high of a move. Long story short, we wait for the retracement to add or engage with largely the same bias as recently discussed.
TSLA bounces into a decision level
TSLA had a large bounce today to add to its bounce from a Voodoo Fireline early this month. It has now reached the first important hurdle above. It will hold the clues for what comes next.
