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ADBE at a decision point
ADBE is trading right at the 100 SMA on the Daily Chart and continues to hold it as resistance. In this video I walk through a few different trade ideas to consider if the underlying price continues to hold the 100 SMA as resistance as well as some potential targets both up and down in case it breaks above this level.
Voodoo Fireline resistance reveal bearish road maps
Resistance earlier this month at Voodoo Firelines in both the S&P 500 and NASDAQ-100 create roadmaps which point lower. The picture will remain bearish so long as bounces respect Voodoo Lines resistance.
End of a long year!
In this video, we look at today’s continued selling and the last several weeks of market action. What do we make of this market action and where do we go from here? As we go into the end of the year, we look at the charts and try to figure out if we go higher or lower and more importantly, what happens in 2023?
All it takes is one. One setup, one trigger.
The idea that we must look at many symbols and many setups can be both unproductive and intimidating. So here’s how I traded with the chatroom this morning and the one trade setup that triggered.
Time to Buy TSLA?
Tesla shares have been going through a bit of a fire sale here lately, but that may finally be coming to an end. Let’s look at some levels that held today and what they may imply for trade into next year.
EOY Plans
Few more days and we welcome 2023, but before we can do that we need to first close out ’22 and here is my thinking in doing so…
A Bounce Before the Break
There are bigger picture patterns that could see us lower, but provided Tuesday doesn’t start the session on a break, higher prices may be in store. Let’s put that in context with some specific levels and a game plan you’ll be able to use to start your week.
Gaze Into The Abyss Part II
Some major technical changes to the market that we need to review before next week.
EOY Trade Plan
Earlier this week we discussed looking at a plan for the final stretch of this year. I’ll try to make my case for just that in tonight’s update.
