Big 3 Squeeze
It’s finally time to introduce my new Big 3 Squeeze! Check out how I grew my $2.5k account to $25k over the course of 6 weeks by only trading Big 3 Squeeze setups.
Sign up for my free webinar on Wednesday, August 9th at 7:00 p.m. Central where I’ll announce the official launch of the highly anticipated Big 3 Squeeze! I’ll walk through how I use the Big 3 Squeeze to only trade A+ setups and go through my Big 3 Squeeze scans live to identify potential trade setups. Click here to register!
SPY Weekly Chart
The weekly squeeze on the SPY fired 9 weeks ago. Remember that when a squeeze fires, we typically look for 8 to 10 bars of momentum in that direction (weekly squeeze would be 8 to 10 weeks).
This means that we’re at the tail end of the move on an already extended weekly chart. We’re also getting signs that things are getting tired on the lower time frames.
As a trader, this is the spot where we need to flip the switch from attack mode to more of observation mode.
Next week, the plan is to “play the over/under game” with the 21 exponential moving average (EMA). If price is above the 21 EMA and Big 3 Buy signals are present, we’ll look to play the move higher (and vice versa to the downside).
In the video below I walk through two setups I’m eyeing: a potential long setup and a potential short setup.
Stay Focused!
Taylor Horton
Good morning, traders 🌤️
If you banked on $AAPL + $AMZN popping $SPY, the bulls aren't out of the woods just yet.
Daily B3 bull score = 1/5
Daily B3 bear score = 2/5With price < the D21, and a few lower tf sell signals, bears still have the edge here. Careful with longs < D21 pic.twitter.com/Qu1o8RQ8P3
— Taylor Horton (@taylor_horton24) August 4, 2023