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The Path of Least Resistance
With no better bounce than Thursday the path of least resistance is still lower. There’s always the chance of a short covering rally, but until price ignites that move, I’ll be looking for bearish extensions.
Tighten Up Your Timeframe
In the current market of follow-through and volatility, tightening the timeframe of our trade is a path to avoiding much of this. In this update, I deep dive daytrades from today and explain how and why these were valid trades and setups.
Breaking Down Further
In this video we look at today’s major free fall and look at the damage being done to the structure of the market. We once again find ourselves in a pivotal point of a bounce or failure and I think that even if we bounce, we fall further. How do you trade this mess, and can you actually make any money in this type of market?
Home Building Bears
Top down analysis is one of the best things you can add to your trading decisions. With that in mind let’s review ITB and some of the selling that may be in store for HD and LOW.
Vixpiration = Volatility
Today the VIX Expiration & Friday the OPEX. Things came unwound a bit today so let’s make a plan based on what we see and know.
To Squeeze Or Not To Squeeze?
Short squeeze attempt is in play, let’s stay cautious with it, but the targets are higher. Let’s review some plays on the idea.
Bounce or Bottom?
In this update, I focus on how to trade what you see and let that map to the trades you make. Today’s session staged quite a rally. But are rallies in downtrends a bottom or an opportunity to short the rally? I will show you that we follow the trend until it ends and how I confirm trends.
Bullish Setups in a Bearish Market: Looking for Structure Top to Bottom
In the midst of a bearish market, there are still a handful of setups looking poised for continuation to the upside. Let’s take a look at a few candidates, and discuss the importance multi-time frame structure.
Teed up for the Bulls
This looks teed up and ready to smash but of course the question still remains… Will the Bulls seize the opportunity? Let’s take a look at how I see it playing out should this be the case. As usual, there is also a plan for the alternative as well.
Gold Is Attempting To Recover
After modestly overshooting our support level last week, Gold is attempting to recover those levels today. If it succeeds, one scenario sees it much higher.
