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Upside Target on Russell
Trading choppy markets means looking at targets a little differently than trends. Here’s where the resistance in chop waits.
IWM setting up a buy (again)
This will be the 2nd time that the Russell has set up a fade buy in the chop. Here’s the trade.
Buy the Dip or Sell the Rip?
In this video, we look at the big flush we had today after FOMC minutes were released. Is this the start of a downturn of another dip buying opportunity? We will look at levels and try to make heads or tails out of it.
Is crude oil heading lower?
After a sell-off through support, is crude oil ready to bounce? Or is it breaking down? And how do we manage it?
Update on DIA. 8/19/2021
DIA Daily still has all of the moving averages on the side of the bulls (royal setup). We have a nice cluster of support on the Daily. Be sure to wait for triggers.
The Play in PTON
PTON has been under pressure for several weeks, but today saw a 3% gain while the Nasdaq struggled. If we get another bid tomorrow we could reach a level where consolidation would be your best bet. From there we can apply a strategy that should yield a modest, but consistent, profit over the next 3 days.
Choose Your Own Adventure
Remember those books, they were some of my favorites. Little did I know that approach applies to trading. Here’s how the S&P created a “choose your own adventure” in futures and ETF options.
What are the catalysts for the next move?
The market needs a reason; nothing happens without some shift or acceleration in sentiment then momentum. Here’s what could trigger some opportunities.
Setup in ZM 8/17/2021
This is a counter trend setup, but your risk is defined. Be sure to wait for triggers. Setup + trigger = trade entry and then you manage.
