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Shorting the NASDAQ (again!)
The NASDAQ bearishness has remained near the top of the list for shorts we have been wanting to re-enter. You may recall we already shorted this once and we’re doing it again on this rally to the Wave. What is the trigger and validity for the trade? I explain all that in this update.
Mid-Week Trade Plan Update
Earlier this week we laid out a trade plan with a starting point and target objective for the S&P. Tonight I’d like to update that plan with a spot in mind to consider adding to the trade. Original objective is still the same.
Pushing Higher Again
In this video, we discuss the push higher into the SPX 4400 level. Why is this an important level and how do we trade it?
Searching for Symmetry
The market unfolds in a fascinating series of self-replicating patterns, and one of the most interesting is symmetry. In tonight’s video we’ll review where you’ll find this resistance in SPX, along with levels on a few stocks and setups that may be worth considering into the end of the week.
These levels are being defended?
Well, are they being defended or are they being forced to de hedge?
This is all that matters now…
Market behavior is all about positioning for what is going to happen and we have seen a lot of that today in bonds. However, what is going to move the market is not on the chart right now. It’s not what most traders are considering and it’s happening tomorrow and Thursday.
Let’s Do It Again
On Friday we reviewed a setup in Tesla and if you came into Monday with that analysis you were able to make some solid cash. A similar setup is starting to take shape again and is probably worth watching into Tuesday.
Opportunity in Chaos?
The current news cycle has proven chaotic, but I believe there is opportunity in this, so let’s take a look.
How to Read Price Action Intraday During Volatility
Traders keep asking, ‘What are you doing during this volatility?’ Here are several key tools that I use, that are all free. I’m going to discuss the $ticks, volspread, VIX, and more. If you want to learn more and pick up my free grid, check out my free live session tomorrow at 3:15 CT by signing up here: www.simplertrading.com/key/
