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Time and Volatility Setups
One of my favorite setups to watch for each week is the “First Come, First Serve Fade” with crude oil inventories each week. This is a setup that I have been trading for over 20 years and we have a distinct advantage now, with a simple calculation I created just over seven years ago. I explain it in this update.
Preparing For Powell
The usual plan is to stay long ahead of the FOMC, but after? It’s a whole different story.
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.
