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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.
Light The Sky & Hold On Tight
Three big signals you need to see as this will shape the market for the next year. See if you can play devil’s advocate against what I show you in this video.
Ceiling Confirmed
This market is under heavy moving averages, and the way in which the market closed today on Friday says a lot about how we shouldn’t be shocked about another major move lower. Don’t let any bullish rip tell you any different! In this video I discuss levels to look out for.
Important Levels To Watch
We continue to trade below the most important Voodoo Lines levels. That continues to suggest a bearish posture, so let’s look at the other important levels to watch.
