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FOMC out of the way, uptrends survive
The S&P and the NASDAQ are ready for some intraday trading after a “caution day”; the Dow is a mixed market between the short and longer timeframe. Daytrading the ES and NQ is what is on my Radar for tomorrow.
Index — Sector — Stock Daytrading Process
Today’s indices flashed the “stay away” signal, and that allowed us to look elsewhere for potential opportunities. Stick with the process, watch the relative outperformers. I explain how in this update.
Time to Be Cautious?
While technology has made the move to the upside we were looking for, a few other sectors are showing signs of exhaustion, which could put pressure on the overall market. Here’s my game plan for the next few days, and a few setups that I think could be ready to short, should the markets top out soon.
Trading a Breakout in Square (SQ)
Square is experiencing a nice move today, and if we get some continuation tomorrow I think it’ll be on its way for a nice price breakout. I’m going to trade this using a bullish butterfly.
Setup in ALX. 6/15/2021
ALX is a royal setup that is having a pullback. You can use the larger swing targets. Be sure to wait for triggers.
Finding Intraday Directional Bias
One of the most important time frames for daytraders is the daily, here’s why…
Digital Bath
Markets made new highs while rotating from one theme to another, let’s check out what’s causing that.
Currency pullbacks in the zone
It’s time to look at shorting the recent US strength as the currency futures roll has helped create some nice pullbacks. Here are the currencies to focus on.
An Update on Precious Metals
We’ve run gold and silver a few times in these evening videos. Tonight we’re looking at the latest levels and some trade setups that will be in play for next week.
