Find an uptrend, find a squeeze, find a setup, take a position, and let it fly. That’s our mindset for the week.
In our opinion, we think this uptrend will continue into December and January. That isn’t to say we won’t expect any pullbacks as we saw in last week’s small dip. We could easily see the S&P 500 (ES) pullback and test the 21 exponential moving average (EMA).
With the market extended, if we do pull back a bit we want to set up our trades to be able to sit through those pullbacks. We’ll review key setups we’re keeping an eye on this week, including our NFLX put credit spread in the Compounding Growth Mastery.
Stay Focused!