Next week will be anything from dull as we have a big options expiration on Friday, June 17th. There are a record number of options set to expire that could lead to high volatility.
The market gapped down on Friday, and the S&P 500 (/ES) flushed to $3,900. Heading into next week, we’ll look to short any bounces.
In the video above, we’ll list names on our bearish watchlist like SPX, DKS, and ABNB and review bullish setups on energy (XLE) and natural gas (UNG).
Stay Focused!
After a 9-day consolidation, the markets finally broke out of the range on Thursday with a big flush to the downside.
After testing support near the recent lows on Friday, the big question next week is whether or not the market bounces off support or if support breaks for a further flush to the downside.
Keep in mind that next Friday, June 17th is a big options expiration. There are a record amount of expirations set to expire Friday afternoon.
Any time we head into a big expiration event, there is potential for wild back-and-forth action. With this volatility comes the opportunity for great day trades.
Be prepared to focus on lower time frame setups early next week. Volatility and the daily expiration on S&P 500 (SPX) options can make for great daily “income” trades.
On the swing side, we need to see how next week unfolds into Friday’s expiration to understand the next direction better.
As long as the indices are trading under the daily 21 exponential moving average (EMA), our primary focus will be on shorting any bounce in the downtrends. For bullish setups, we still like XLE, OXY, UNG, and a few others that we’ll cover in the Sunday video.
Markets like these are far from dull. While they aren’t “easy,” they still offer opportunities if we focus on the right things. Shorting bounces in bearish structure (red Big 3 bars) and buying the dips in bullish structure (green Big 3 bars) is a strategy that has withstood the test of time. That will continue to be our focus in this wild market. We’ll look for clean setups using our Big 3 indicator on Monday in the Compounding Growth Mastery together.
Stay Focused!
Good morning, traders! Ahead of the open, here’s some of the important things I’m seeing throughout the market with the Big 3 Bars. Are we about to see a repeat of the March short-squeeze??
In this video, Taylor and Chandler highlight their top 5 trading tips they’ve collected over the years of trading. Looking to learn Taylor’s swing trading strategy? Or maybe you’re more interested in day trading?
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Markets can rally, markets can rollover, but they can also trade sideways. Here’s an SPX iron condor I’ll be considering to collect some credit in the event June is a chop-fest!
That’s a wrap for the month of May! Before we hit the ground running in June, let’s recap the open + closed trades we did in my CGM mastery this month.
Back to work for the short week ahead! We’ll lay out levels on SPY, discuss short squeezes, and what to do if you are short.
Super excited to share my thoughts on the market and dive right into NVDA since they were the last big tech name on our list to report earnings. We’ll create a road map for the major indices, review the volatility index (VIX), and walk through potential setups on NVDA and ROKU.
From a monthly chart to a 15 minute chart, the squeeze is the most powerful tool for finding those “moments in time” when a setup is poised for an explosive move. When building my watch list, my major focus is on finding multiple squeezes within a single setup printing my buy or sell signals. Here’s a look at a few of the bullish squeezes on our watch list!
Happy Tuesday, traders! Join Taylor Horton for premarket prep on the Focused Trades Youtube. We’ll review key levels on the SPY ahead of Federal Chairman Jerome Powell’s statement.