The markets started off today with strength, but ultimately got sold-off all the way into the close! After this flush, now the big question is where do things head from here over the next few days. Here’s what I’m seeing!
The markets started off today with strength, but ultimately got sold-off all the way into the close! After this flush, now the big question is where do things head from here over the next few days. Here’s what I’m seeing!
After last Friday’s rally, is it safe to say the bottom is in? I don’t think so, but I DO think we can look to get long this coming week for a bit more upside. Let’s take a look at the indices, the Big 3 signals, and a few setups in preparation for the week ahead!
Was yesterday’s rally nothing more than a bull-trap? It’s looking that way ahead of the open! Let’s get ready for today’s session together.
$SPY to $350? If the bulls cant take control, that’s what all signs are pointing to in this weekends watch list video. Let’s take a look at what we’re seeing in the indices, the dollar, and energy trends heading into the short week.
In the bigger picture, we’re seeing a bearish market as the weekly squeeze fired short on the S&P 500 (/ES). This leads to the potential for 5 to 8 weeks of bearish momentum. Now that we are through the Fed and Federal Reserve Chairman Jerome Powell’s statement, the question becomes if we’ll see any short-term bounces. As long as the 15-min, 30-min, and hourly charts don’t have sell signals, we could see some upside short-term potential. In this week’s update, we’ll lay out the two types of way we can trade this market and outline setups on our watchlist.
Good morning, traders! Ahead of the open, here’s some of the important things I’m seeing throughout the market with the Big 3 Bars. Are we about to see a repeat of the March short-squeeze??
In this video, Taylor and Chandler highlight their top 5 trading tips they’ve collected over the years of trading. Looking to learn Taylor’s swing trading strategy? Or maybe you’re more interested in day trading?
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Markets can rally, markets can rollover, but they can also trade sideways. Here’s an SPX iron condor I’ll be considering to collect some credit in the event June is a chop-fest!
That’s a wrap for the month of May! Before we hit the ground running in June, let’s recap the open + closed trades we did in my CGM mastery this month.
Back to work for the short week ahead! We’ll lay out levels on SPY, discuss short squeezes, and what to do if you are short.