The daily squeeze on the S&P 500 (SPX) fired short, and it is now approaching the 21 exponential moving average (EMA). The SPX on the lower timeframe charts and the daily chart are oversold. Remember, the market doesn’t have to bounce once it reaches the 21 EMA, and price can always move lower. Assumptions can be a dangerous game, especially in this market!
In the video below, I’ll break down the SPX on the daily, weekly, and monthly charts and review names that also have monthly squeezes like AAPL, AMZN, TSLA, and more!
I had a blast seeing some of you in Orlando, Florida this past weekend for our Simpler Trading Summit! So thankful for each and every one of you. Love being a part of the Simpler Trading fam.
Stay Focused,
Taylor Horton
