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In the last few weeks, the market hasn’t provided signs of an uptrend on the 15-minute chart and has failed most of its backtests. This week the market finally broke above Thursday’s high on Friday. The key to next week is if the overall market structure can hold and find support to possibly head higher.

Let’s review next week’s possible outcomes in today’s video:

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Stay Focused,

Taylor Horton

The market’s overall structure is still bearish, with no signs of a short squeeze firing. The Big 3 Squeeze also shows bearish signals on the daily, 4-hour, and 30-minute charts. If the S&P 500 (SPX) can’t hold support at the 21 exponential moving average (EMA), SPX could head lower towards $4,200. For now, I will keep shorting any small rallies until the market shows signs of positive momentum.

Check out key levels I’m watching on SPX in today’s video:

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Stay Focused,

Taylor Horton

As we approach October, there are a lot of squeezes printing on the 3-day, 2-day, and daily charts. There is a good chance that by January, these larger time frame squeezes will have fired to the upside or downside. Now, it is our job as traders to call for direction and timing.

Let’s break down the current market conditions on the SPX, QQQ, AMZN, and other big names…

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Stay Focused,

Taylor Horton

Earlier in this week’s newsletter, I reviewed the daily squeeze with a sell signal on the S&P 500 (SPX). As I mentioned, the squeeze fired short this week and hit our downside target. The daily chart is still showing a daily sell signal. However, the weekly chart is finally showing neutral signals. If the market can’t maintain price action above the 21 exponential moving average (EMA) then the market could head even lower.

I want to short the rallies until the daily sell signal cancels out on SPX. Check out the levels I’m watching in today’s video:

Join me this October at the live Simpler Summit in Orlando! This is an all-day in-person event for traders who want to learn from various members of our trading team. Learn more about the event from Danielle Shay!

Stay Focused,

Taylor Horton

There is a new daily squeeze setting up in the SPX Futures (/ES). At the moment, the daily Big 3 Sell signal is poised to see that squeeze fire short, based on trend, structure, and momentum. This could trigger a move down toward $4,400. Another issue continues to be the strength in the Dollar (DXY). Watch the video below where I review /ES, DXY, and AAPL for an overall review of the current market conditions.

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Follow me on Twitter to stay up-to-date with what I am seeing in the market throughout the week!

Stay Focused,

Taylor Horton

The market hasn’t shown signs of a clear trend and has transitioned to chop. The Big 3 Squeeze scoreboard favors the Bears, and signals point toward the downside. With Wednesday’s Federal Open Market Committee (FOMC) meeting, I’m focused on lower timeframe squeezes.

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Stay Focused!

Taylor Horton

Tesla is showing a positive cross in momentum and a brand-new daily buy signal. The Big 3 Squeeze scoreboard favors the Bulls, and this is my favorite setup this week. My target is a continuation towards $280 if Tesla prints a buy signal on a 15-minute squeeze. Meta is also shaping up for this week in a nested squeeze setup.

In today’s video, I review three main squeeze setups and two other ones I have my eyes on.

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Stay Focused!

Taylor Horton

The S&P 500 (SPX) is directly under the 21 exponential moving average (EMA). The Big 3 Squeeze scoreboard shows equal signs for both the Bears and Bulls. Right now, it’s tough to call the direction of the market. However, if the market goes below Thursday’s low of $4,439, we might head down towards $4,350. If the market can make its way through the 21 exponential moving average (EMA), then the bulls would be in good shape towards $4,500.

In today’s video, I review setups in Pinterest (PINS), Amazon (AMZN), and Microsoft (MSFT).

If you haven’t already, follow me on Twitter, where I post constant updates on what the Big 3 Squeeze is showing me and other market analysis. Check out my tweet below:

Good morning, traders 🌤️🌤️

Tough spot here for the bulls, with price under the daily 21EMA.

2 closes below D21 = be very cautious with longs (swings) pic.twitter.com/6lxVpxzMOm

— Taylor Horton (@taylor_horton24) September 7, 2023

Stay Focused!

Taylor Horton

The bulls have made progress this week and currently have the edge on the market. The Big 3 Squeeze histogram labels show a 3 for the bulls and 0 for the bears. The important question for next week is, how does the market handle the next dip? With the progress on structure and signals, they could continue to take things higher.

In today’s video, I review potential bullish setups on $GOOGL, $NVDA, $AMZN, and $PINS:

Keep up with me on Twitter, where I post constant updates on what the Big 3 Squeeze is showing me and other market analysis. Check out my tweet below on a trade idea on $NVDA:

$NVDA printing a solid nested-squeeze setup here.

The daily squeeze has fired long, is the 3-day squeeze next? Another name I'd get long with size after a dip, market-willing.$SPX $QQQ $NVDA $SMH pic.twitter.com/OfxxgParV0

— Taylor Horton (@taylor_horton24) August 30, 2023

Stay Focused!

Taylor Horton

The S&P 500 (SPX) is in an interesting spot as it continues lower under the 21 exponential moving average (EMA). I’m staying short as long as the SPX stays under the daily 50 simple moving average (SMA) with a sell signal on the daily chart.

In my Compounding Growth Mastery, we continue to trade AMD as the daily squeeze fired short on Monday. AMD continues to move with the market, and if the SPX shows Big 3 Squeeze sell signals on shorter time frames, this will be the perfect opportunity to continue to take AMD even lower with the market.

For the last 4-5 weeks, the bull scans have not been working, so I’m continuing to stay short until the market shows signs of a possible turnaround towards the upside.

Keep up with me on Twitter, where I post constant updates on what the Big 3 Squeeze is showing me and other market analysis. Check out my tweet below on a trade idea on $ORCL:

$ORCL has a similar setup to $AI from a few weeks back.

Daily squeeze printing for over a month, with momentum under 0-line the entire time. Few failed breakout attempts, and then the squeeze turns and breaks short

Keeping an eye on this one. Nice 4h squeeze as well pic.twitter.com/Urz1KCyciW

— Taylor Horton (@taylor_horton24) August 24, 2023

Stay Focused!

Taylor Horton.