EWD Market Update for 2/9/2022
Is last Wednesday’s high in focus for the S&P 500?
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Is last Wednesday’s high in focus for the S&P 500?
To start the week, let’s look to short-term patterns to help handicap the long-term patterns.
In this video I wanted to discuss our AMZN trade for this week and how premium along with volatility can act going into an earnings announcement.
Bulls need AMZN strength to hold through NFP.
The bears appear to be giving up. But that doesn’t automatically turn things bullish.
Reading through the market doublespeak.
Here’s a daily recap in this crazy market, where the path of least resistance could be to the downside. We need rules in place that can serve us well trading in this type of market environment.
Odds of a bear trend have increased significantly but questions still remain.