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After a choppy week of options expiration (OPEX) this week, a few catalysts are to note. Federal Reserve Chairman Jerome Powell is giving welcoming remarks on Tuesday afternoon. This pre-recorded event will likely not be a significant market mover, … Read more
The S&P 500 (SPX) put in a new low at $3,810 and bounced into the close on Friday. Now the question becomes if we can get a bounce to the 21 exponential moving average (EMA). The SPX is trading … Read more
As of today’s close, many of the bearish weekly squeezes we discussed last week have officially fired short. This adds to the list of reasons we’re looking for a continuation lower. Remember, the rule-of-thumb with a squeeze is once it … Read more
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