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TSLA has retraced to the zone
This is a follow-up on the TSLA setup from last week and what the setup is now that TSLA has pulled back to the Wave, the regression to the mean that we were waiting on post-split.
Last Week Of Summer
This week we find ourselves opening and trading between two areas of balance. Question is, as always, up or down? I have a twist for this week’s plan that may involve both. Let’s take a look in this week’s plan.
Downside is prevalent, but some bullish strength in commodities
The market continues to sell off From Powell’s hawkish speech Friday. The market won’t just go straight down, but I think we will be seeing new lows over the course of time. That said, there are still some bullish areas if you are interested, but be sure to find your lower risk entry point.
Break on through to the other side
I have been citing the S&P 500 Voodoo fireline at 4083 as an important level to watch in determining if the market will turn back down. After breaking the level on Friday, it remains important as short-term resistance.
Was That It? Yes, It Was.
Follow up to last week’s video where we were looking at early signs of weakness across markets. Today we got confirmation.
The Circle Of Life
In today’s video I discuss the completion of a cycle that’s been in play since July and why making a low into /ES 3900 makes sense. Other topics include how to trade gold and why it’s a hurry up and wait scenario.
Wen New Lows?
After today’s sell-off, bears are out in force, and with good reason. Will the selling persist? I think we get at least one more day, but Monday’s trade will be critical for the rest of the week.
S&P Hole
There’s been a lot of conversation this week around Jackson Hole, but I think the better focus may be on the S&P hole, and how it may guide price.
NASDAQ and TSLA Setups.
Futures traders have a unique view of individual stocks and with the 3:1 TSLA split there are a few things to consider.
More hurry up and wait
In this video, we look at the whiplash market we are in as we approach the Jackson Hole meeting tomorrow. Everyone is waiting to see what Powell will say on Friday and how the market will react. I think we likely go higher, and Volatility comes back down. The next hurdles will be NFP, CPI, and PPI and then the biggie next month with the next FED meeting.
