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Tricky Market
In this video, we discuss the selling we have seen and try to make heads or tails of it. We hit another new low on the year for the SPX, so what does that mean for the overall market? Should we buy the dip or not? The best thing to do in a market like this is to proceed with caution and be very strategic with your trades.
Here Comes the Short Squeeze?
With the market trading at oversold levels, the odds of a short-squeeze continue to increase. Let’s take a look at the “recipe for a rally” that will have to come together for us to see the bulls take this market higher in the short-term.
Are we there yet?
Getting close to the spot that we’ve had in mind since the beginning of the week. The weekly ES Pivot is 3768.5, which also closes a gap from late last week. This is the area that I’ve been stalking as the next shorting opportunity, and I will explain in tonight’s mid-week market update.
Why Worry About The Bigger Picture When You Can Generate Cash This Way?
It’s not about being right, it’s about setting yourself up for success.
World’s Most Boring Daytrader
Daytrading the boring way is how we have been finding sanity in these markets and solid trades on short-term time frames. Here’s a look at what we did this morning and the template for how I trade the morning session each day.
Sell the rip or Buy the dip?
Basically I’m looking to keep it simple, and that means to continue to sell the bounces until it stops working. That said, I am still looking lower for now.
Courting Capitulation
One of my favorite setups here lately has been 0 DTE spreads on SPX. With this Roadmap in hand, and the US Dollar to guide us, these are the spots I’ll be watching for tomorrow’s trade.
Goodbye Blue Sky
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.
Don’t Fight City Hall
They say Don’t Fight The Fed. Don’t Fight City Hall… The Fed is clearly telling us what they are doing so let’s just roll with it. In short, sell bounces. Sell rallies, because by all appearances, we are still heading lower.
AAPL Roadmap Revisited
The AAPL levels cited in Monday’s video were important but that path there was a little different than expected. Let’s review what the current roadmap looks like.
