The market cooled off a bit on Friday following a crazy bullish move on Thursday.
The S&P 500 (SPX) is starting to dip back to the 15-minute 21 exponential moving average (EMA), but it still has a long way to go considering the 30-minute 21 EMA is below at $3880.
The question for next week is do we get a continuation in the strength of the market next week.
In the video above, we’ll review our game plan for our open positions on CF (which has been an illiquid pain lately) and OXY (which had a strong day on Friday). Get Taylor’s trade alerts and weekly live trading in the Compounding Growth Mastery. Snag a $7 trial for 30 days here.
In Sunday’s video, we’ll review the structure of the overall market and the bulls’ chance of taking back control in the short term.
Stay Focused!