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Witches Week
Let’s review 3 tickers with great setups into Quad Witch Expiration, as well as examine the risk in VIX as we head to the final monthly expiration of 2020.
Looking at Strength at the Sector Level
As the indices are overall strong but lacking traction, getting down to the sector level, we can see a little more resilience with XLC, XLE, and XLI.
Update on ES. 12/14/2020
We have symmetrical support on the ES Daily and 120, but be a cautious bull as we get into resistance.
Is There Anything To Be Worried About?
The market continued its 3rd day of the pullback this week which looked pretty ominous in the morning session but bounced nicely to close in line with the previous 2 days. Waiting for this to play out means looking at higher time frame charts to see if this is anything to be worried about.
Focus on the First Two Hours
For traders that are beginning their daytrading or experienced traders looking to get their trading back on track, here’s a time-based approach that has worked well for traders in the chatroom.
The 3 P’s
Whether you’re looking for short term trades or longer duration opportunities, this list of 3 should give you a few solid ideas to consider.
Setup in PLTR. 12/11/2020
There is a nice zone of risk on the PLTR 15 minute chart… the overall setup is on the Daily, but this 15 minute chart gives you a closer, new zone of risk if you are looking for a pullback entry.
Don’t get suckerpunched at the open
Today’s initial move lower triggered shorts that were squeezed later in the morning. Here’s how to stay out of the trap and the trades that we took.
