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Is this a night for trading futures?
The S&P 500 came right back to our first support area right at the end of the day with no time left to trigger a long. So is this a night to trade the long in the futures for a possible gap back up tomorrow?
The market catches its breath
In this video, we look at today’s market action and discuss the /ES /SPX pullback from the face-ripping 382 point rally in the last week. We discuss how to trade this type of market and where we may be heading sooner and also later.
SPX plan of action headed into tomorrow & Friday
Tonight I discuss a potential ES/SPX support level with target objectives headed into tomorrow & Friday. I also offer a warning for next week with an explanation of why.
Is this the bottom?
Looking at the NASDAQ and action at the Equator we have to ask is the pain trade for the shorts aka the short squeeze? Or is the bottom in?
AAPL Weekly Setup With True Low
In this video I walk through AAPL and talk about the Daily Chart as well as a longer term Weekly Setup using the True Low indicator. I discuss a few different trade ideas to consider as well as levels to watch on AAPL for timing on an entry.
What I am doing with a 7% SPX rally
Over the course of a few short days the SPX managed to stage a 7% rally. The natural question on the heels of such a move would be, Now what? This is the question that I am attempting to answer in tonight’s market update.
Hard To Get Higher
Volatility came in a good deal during the March expiration. With this recent contraction are we near any kind of support? We’ll look to the Bollinger Bands for assistance in making that decision, along with thoughts on one of my favorite sentiment readings.
Seek & Destroy
Trading comes down to 3 things: technicals, timing, and trader positioning. This week we saw positioning get wrecked, signs are for a bit more upside wreckage into quarterly expiration. Let’s review the setup.
Are we finished pricing in the Fed-hike now?
After a turnaround-Tuesday it seems like the original knee-jerk reaction from the fed hike completes the process of the market pricing this in. In this video I discuss why I can’t be short anymore, but for starters I’ll be cautiously bullish.
