Month: October 2023

The daily squeeze on the S&P 500 (SPX) fired short, and it is now approaching the 21 exponential moving average (EMA). The SPX on the lower timeframe charts and the daily chart are oversold. Remember, the market doesn’t have to bounce once it reaches the 21 EMA, and price can always move lower. Assumptions can be a dangerous game, especially in this market!

In the video below, I’ll break down the SPX on the daily, weekly, and monthly charts and review names that also have monthly squeezes like AAPL, AMZN, TSLA, and more!

 

 

I had a blast seeing some of you in Orlando, Florida this past weekend for our Simpler Trading Summit! So thankful for each and every one of you. Love being a part of the Simpler Trading fam.

 

 

 

 

 

 

 

 

 

Stay Focused,

Taylor Horton

 

 

 

 

 

The S&P 500 (SPX) hit the 200 simple moving average (SMA) on Friday. The question from here is, will the market hold the 200 SMA, or will it continue lower? The Put/Call ratio shows many people buying puts, and we still have a daily squeeze on the SPX.

Let’s take a look at my game plan for next week:

 

Earnings season is here, and there are massive opportunities at play. Check out my good friend and colleague, Danielle Shay’s strategy she has been using every earnings season this year. Watch her most recent webinar here.

Stay Focused,

Taylor Horton

 

 

 

Let’s take a look at the bigger picture and lay out the potential roadmap for Tuesday. One thing to keep in mind is earnings season.

There are big names set to report earnings over the next few weeks, including TSLA, AAPL, MSFT, and NVDA. The big question with earnings is whether they have a positive or negative impact on the weekly squeezes on the S&P 500 (/ES) and Nasdaq (QQQ).

 

 

My good friend and colleague, Danielle Shay, will be discussing this earnings season in her free webinar on Wednesday night. She’ll also share the top 5 tickers she’s looking to trade this earnings season and why… Register for Wednesday’s webinar to join.

 

Stay Focused,

Taylor Horton

 

 

Large tech names, such as Tesla (TSLA) and Netflix (NFLX), are reporting earnings next week. The Big 3 Squeeze shows weekly squeezes settings up names reporting earnings and the S&P 500 (SPX). If the structure of the SPX can stay intact next week, earnings could cause the squeeze to fire in either direction.

Let’s review the top squeeze for next week:

Stay Focused,

 

Taylor Horton

 

 

 

The S&P 500 (SPX) is trading near the 21 exponential moving average (EMA). This could be a major line of resistance or this could be the spot where SPX pushes toward $4,400. If the Nasdaq (QQQ) can push through the daily 50 SMA around $368, there could be more room to run.

In the video below, I review one of my favorite bullish trade setups that we opened in the Compounding Growth Mastery – valid as long as the SPX and QQQ continue to the upside. I also walk through some potential short setups…

 

 

Stay Focused,

Taylor Horton

 

 

In the last few weeks, the market hasn’t provided signs of an uptrend on the 15-minute chart and has failed most of its backtests. This week the market finally broke above Thursday’s high on Friday. The key to next week is if the overall market structure can hold and find support to possibly head higher.

Let’s review next week’s possible outcomes in today’s video:

Join me this October with a handful of our other traders at the live Simpler Summit in Orlando! This is an all-day in-person event for traders who want to learn from various members of our trading team. Learn more about the event from Danielle Shay!

Stay Focused,

Taylor Horton

 

 

 

The market’s overall structure is still bearish, with no signs of a short squeeze firing. The Big 3 Squeeze also shows bearish signals on the daily, 4-hour, and 30-minute charts. If the S&P 500 (SPX) can’t hold support at the 21 exponential moving average (EMA), SPX could head lower towards $4,200. For now, I will keep shorting any small rallies until the market shows signs of positive momentum.

Check out key levels I’m watching on SPX in today’s video:

Join me this October at the live Simpler Summit in Orlando! This is an all-day in-person event for traders who want to learn from various members of our trading team. Learn more about the event from Danielle Shay!

Stay Focused,

Taylor Horton