Will the market get a continuation of Friday’s strength? This move would be ideal for us to short the bounce as we want to enter our short positions at the 21 exponential moving average (EMA).  The S&P 500 (SPX) … Read more

  After relentless selling all week, the markets finally rallied on Friday, setting the stage for a short squeeze next week. The indices and many leading names reached deeply oversold levels on Thursday. While that is the moment in time … Read more

  The S&P 500 (/ES) continued to drop lower on Thursday. The /ES opened below the weekly Ichimoku Cloud for the first time since COVID in 2020. Although the market is extended to the downside, this doesn’t mean price will … Read more