I think the bear market is OVER (for now), and here’s what we’ll need to see in the charts to confirm this idea moving forward 📈
Purchase the Big 3 signals for ThinkorSwim and Trading View: https://bit.ly/3dgnDDI
Last week, the bulls ran both the S&P 500 (SPY) and Nasdaq (QQQ) straight to their daily 21 exponential moving average (EMA).
This week stay disciplined. We are looking for opportunities to get long on dips and take advantage of squeezes near the daily 21.
In the video above, we’ll review how to apply the Big 3 buy signal to our trading this week and what steps to look for in potential opportunities in names like Bitcoin (BITO).
Stay Focused!
The bulls made additional progress this earnings week. With the dip on Tuesday to the 21 exponential moving average (EMA) being held for the first time since August 2022, the bear market is looking done and over with.
Many names are above the weekly 21 ema and extended on the daily chart. We’ll want to look for a dip and hold to potentially start buying.
Let’s be disciplined right now, and focus on the price action and structure. Based on this current change of structure and the Big 3 buy signals getting rid of every sell signal, we’ll wait to see if these flushes behave as a bullish trend.
In the video above, we’ll review the Big 3 signals across multiple timeframes on the major indexes, and discuss major structural changes in the S&P 500 (SPY) and Nasdaq (QQQ). We’ll also walk through our trades on XLE and COIN in the Compounding Growth Mastery this week.
Have a great weekend, and stay Focused!
In bear markets, we need to understand the concept of cover pops. There will be big pops in bearish markets, and we don’t want to fall susceptible to these pops.
When the market drops hard, there will be major moves to the upside.
A cover pop is when people, such as big money, are shorting the market. If the market tries to reverse, it’s a sign of them exiting their positions to take a profit. It’s often used to reset the market and take it back to its normal pace.
As stocks start to go up, big money (who shorted) tries to exit positions. This causes buying pressure, making the stock explode. This usually happens during major moves to the downside and can last from one hour to a few days.
Another example of a cover pop is when large moves turn around and are followed by a big spike. After the pop, the stock resets and drops again.
Let’s break it down in the example below.
As traders, we want to recognize these cover pops so we avoid guessing which direction names will go next.
We hope you’ve enjoyed this breakdown on when cover pops happen, what they look like, and how we can align ourselves and apply proper logic when these moves occur.
Especially in volatile conditions, we can use this edge to better understand what’s happening in the market and take advantage of these moves.
If you’d like a rundown of how my strategy works during conditions like these check out my 4-hour Scalping Secrets Course.
As traders, our job isn’t to predict the future, but rather to simply trade the charts in front of us! Did the Fed signal the end of the bear market today? While nobody knows the answer for now, here’s what we should be focusing on moving forward to ensure we’re on the RIGHT side of this market!
Purchase the Big 3 signals for ThinkorSwim and Trading View: https://www.simplertrading.com/product/big-3-buy-sell-signals/
Every trader has their favorite setups, and this is mine!
Trading at the daily 21EMA + lower time frame squeezes + the BIG 3 buy signals!
Purchase the Big 3 signals for ThinkorSwim and Trading View: https://www.simplertrading.com/product/big-3-buy-sell-signals
We have a stacked week ahead of us, with the “Super Bowl of Earnings” leading us to great setup opportunities. In the videos below, we’ll discuss the top names on earnings we’re looking at, break down the structure on /ES and /NQ, and dive into our focused list setups, including NVDA and GOOGL.
Join me live in the Simpler Day Trading room this week to cover the market. To trade these setups with me live and look for more potential opportunities in the market, click here.
Stay Focused!
Our job is to follow the pretty colors, and we’ve got a few in energy and natural gas!
LINK TO TAYLOR’S BIG 3 INDICATOR, CLASS & BONUS: https://bit.ly/3okCQ9b
There are names on our watchlist that we’ll look to enter trades once the hourly structure cleans up and our bullish criteria is met.
TSLA is one of the stronger names in the market, trading back above its daily 21 exponential moving average (EMA). We’re seeing a nice push with no lower time frame sell signals. In terms of structure, this is a huge step in the right direction for TSLA, as it started trading above the weekly 21 EMA on Friday.
AAPL is in a similar structure with bullish lower timeframes as it tries to repair its weekly chart.
In the video above, we’ll observe what to pay attention to in a bearish market attempting to “add more bullish gas in the tank and apply the Big 3 signals to our SPY and QQQ analysis.
Stay Focused!
The bulls made progress this week with a slight drop on Friday. The question now becomes whether or not the markets can get back above their weekly 21 exponential moving averages (EMA). We’ll look for progress to start on the lower time frames.
Market-wide, we see names back above the daily 21 EMA, canceled-out sell signals across every timeframe, and a transition from neutral to bullish signals.
For now, we’ll wait for the next round of Big 3 buy signals to take bullish action on this dip.
In the video above, we’ll review the Big 3 signals across multiple timeframes on the major indexes, DXY, and HYG. We’ll also walk through our trades on PEP, COIN, and CSCO in the Compounding Growth Mastery this week.
I’m excited to see those of you that purchased the Big 3 indicator in the live strategy class this Saturday, July 23rd at 12:00 p.m. Central. We’ll use our Big 3 Scan to find actionable setups and break down how to use the Big 3 indicator to find A+ setups.
Stay tuned for the live How to Trade Reversals bonus class on Monday, July 26th at 1:00 p.m. Central.
In Sunday’s watchlist video, we’ll review the top two setups we’re watching on TSLA and AAPL.
Have a great weekend, and I’ll see you in the class on Saturday!
Stay Focused!