For the first time since January, momentum and structure are working in favor of the Bears. The Big 3 Squeeze shows zero signs to buy this pullback, but it also hasn’t shown an official sell signal on the SPX daily chart yet. Stay patient, and wait for your bounces before looking for a continuation lower.
Let’s review my game plan for next week in today’s video:
Check out the replay from my most recent webinar, where I finally introduce the Big 3 Squeeze! Click here to watch the replay.
After a recent pullback in the S&P 500, I’m looking for signs of its next big move. The Big 3 Squeezes scoreboard shows that the Bears still have an edge.
If we break under the daily 50 simple moving average (SMA), the daily squeeze could fire short. If the bulls take control on the daily chart, there could still be a chance the market pulls back toward the weekly 21 exponential moving average (EMA)
In today’s video, I use my Big 3 Squeeze to review a few bear squeezes setting up in the market.
Sign up for my free webinar on Wednesday, August 16th, at 7:00 p.m. Central! 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!
A brand new daily squeeze printed on the S&P 500 this week. As of Friday, the squeeze officially fired short. The Big 3 buy and sell signals and Big 3 Squeeze labels are showing bearish on the shorter time frames, which is not a great combination for the bulls.
The daily 50 simple moving average (SMA) has been tested; could this be what helps avoid a flush lower for the market? Let’s review in the video below.
Webinar Replay: My New Big 3 Squeeze Check out how I grew my $2.5k account to $25k over the course of 6 weeks, only trading Big 3 Squeeze setups in my webinar replay. Click here to watch!
The S&P 500 is not going down without a fight. The SPX was able to close back above the 21 exponential moving average (EMA) and canceled out all the lower timeframe Big 3 sell signals on Monday. This is a step in the right direction for the bulls.
If the 5-minute and 15-minute squeezes can fire long, this could give extra momentum to push the S&P higher. But the bulls aren’t out of the woods yet and we could see more chop for the month of August. See why in the video below.
Free Webinar: The 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!
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.
Let’s run through our Big 3 Squeeze watchlist to identify good-looking trade setups and names we’ll look to enter on a pullback. Stay tuned for more details on the Big 3 Squeeze this week!
When creating our watchlist, we’re looking at the Big 3 Buy and Sell signals on multiple timeframes, squeezes on multiple timeframes, and names trading in the buy zone around the 21 exponential moving average (EMA). This can help give us the green light for an A+ Big 3 setup.
We’ll review two of my favorite picks for the week on LCID and CRWD and other names that we’ll look to enter on a pullback like LYB and BA.
In the video above, I also give an update on our current open position on ADI, a call debit spread with August expiration opened in the Compounding Growth Mastery. See when we opened the trade in the Tweet below:
This week in my Compounding Growth Mastery, we’re 4 out of 5 on winning trades in $WMT (Walmart), $AFRM (Affirm), and $FCX (Freeport). I break down my new Big 3 Squeeze indicator in today’s video! Stay tuned for more updates on the release date.
I also review some of next week’s top Big 3 Squeeze setups in names like $CRWD and $LYB.
Check out my social posts below, and be sure to follow me on Twitter for more trade alerts like this one!
Let’s walk through some of my top squeeze picks with upside potential for the week.
We closed our WMT swing trade today for about a 50% return in the Compounding Growth Mastery as WMT hit our target near $160. There could still be room for further upside momentum, so we’ll look to reload on a pullback.
Watch the video below to see our newest trade opened on Freeport (FCX), an update on our open trade on CHK, and the potential trade setups on BIDU and PEP.
Check out my social posts below and be sure to follow me on Twitter for trade updates!
$WMT closed our swing for about +50% on the call this afternoon. Price got within about $0.50 of our $160 target, so we didn't wanna be 🐷s.
$FCX here's a snapshot of the setup when we took our entry earlier this morning.
Big 3 squeeze printing on the daily chart + buy signals. Looking for a move into $44ish (snagged the Aug expiration $40.5C @ 2.17) pic.twitter.com/3FSHNvcCe1
This week we experienced a rotation from technology stocks into healthcare, energy, and consumer staples. QQQ could show potential opportunities. If the Big 3 Squeeze histogram breaks under the zero line, QQQ could head under the daily 21 exponential moving average (EMA).
Remember that the NDX special rebalance is happening on Monday the 24th, which could make for an interesting week.
Price gaped into H50 at open, but bulls failed to rip it through that level.
Now it's hanging out near LOD with an hourly B3 sell signal flashing. Feels like a spot where we can start drifting lower if bulls don't get it going quickly https://t.co/vfjOFVrMxWpic.twitter.com/5P9J4vysLd
Get a sneak peek into my Options room sessions in this special edition send! Watch the replay of my premium Options room session on Monday morning from 8:20 a.m. to 9:30 a.m. Central.
In the video below, I review the charts on my Big 3 watchlist, the overall indexes, and where I would want to open any new positions on my favorite squeeze setups.
See the names on my daily squeeze watchlist here:
Going to narrow this list down a bit, but here's some of the daily squeezes that caught my eye in the scans this morning:
Personally, I’m looking to buy some of these names at one of the two buy zones, either the hourly 21 exponential moving average (EMA) or the daily 21 EMA.
