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One Last Hurrah
Market has come down to the decision point for the Final Act. In this video, I show you the path that I believe is setting up into the end of the year.
Rollover, Round Two
Trying the Rollover Trade again Monday morning on the bell with the same rules and approach as this Thursday. That and a plan with levels to get things started for the early part of next week.
S&P 500 Rally into resistance
The S&P 500 continued to rally for a third day today reaching resistance on strong buying. But buying this strong is often capitulatory.
The Potential of Pain
Max pain is a concept that’s easy enough to agree with, but how do we know what that is? Let’s look at a few thoughts around it and how we may be able to make some cash with it into the witching expiration.
Minor Lows in TSLA and S&P
After reaching oversold support and forming the minor low pattern, let’s follow up on the TSLA and ES futures daily charts to get into more detail about his pattern as well as how I manage risk.
Which way do we go?
In this video, we look at the big rally we had today after the big sell-off we had yesterday. The current market is very erratic and hard to predict so I continue to exercise caution. We have several big events coming up to take note of and be aware of and we discuss these and how they may impact the market.
The Rollover Gap Trade
Tomorrow is the official rollover day for the equity index futures and this one has quite the gap that makes for a nice trade setup. I’ll explain that and more in tonight’s mid week market update.
A Focus on SPX
The SPX has been in a near freefall for several sessions, but this critical ratio is where it found support. We’ll start with this daily approach of support and consider where it may lead prices into the end of the week.
A weekly reversal pattern worth knowing.
The Dow 123 pattern is a classic, centuries-old pattern that I have been using for over 20 years. The chop on the daily timeframe is not telling us much but this pattern could be important if it completes and triggers.
