EWD Market Update for 12/8/2021
We carried the bullish view through the whole decline. Why give it up now?
list of Member Webinars
We carried the bullish view through the whole decline. Why give it up now?
A sharp drop doesn’t change corrective impressions.
The final week of November 2021 was certainly a choppy and challenging week for some, but certainly not for folks like us in the Day Trading Room! For the many traders who took the liberty of following me and my StrikeZone Strategy while in the DTR, the trades came fast, and the trades came easy. Most traders can only profit from a market with a smooth trend, and most folks don’t without. Fortunately, we are better and I was able to guide you through the chop, and come out on top.
Non-farm payrolls on deck.
Relying on first principles.
Here’s a quick video covering our open positions and our game plan heading into December.
Friday’s surprise drop just look the S&P back to a cited support range. But will it hold?
For next week to start off the new month of December I’m looking for a little bit more strength until Wednesday, which will make for some good futures trades on Monday and Tuesday. Until then, what we’ve seen this week is a lot of volatility, and we may have put in the highs for the rest of the year. The market to me looks heavy.