If this happens I am calling this THE bottom.
Dark pool prints with daily technical patterns and one ginormous monthly bull flag.
Dark pool prints with daily technical patterns and one ginormous monthly bull flag.
If the market continues to rally, here are some setups worth watching.
I anticipate next week being that of lower volume and possibly lower volatility as well. In looking at the SPX it appears the IV is quite low on a smaller than recent average projected range. As usual, we shall see, but let’s lay out a plan in preparation.
The trade is likely to be on lower volume next week, so my approach is going to be that of patience. I suggest we let the trade come to us. I’ll explain in tonight’s market update and plan.
Monday we talked about NDX resistance at the Voodoo Fireline. It tried to break out Tuesday but failed. Let’s revisit the importance of this spot and how to view it now.
Even with holiday trading, many stocks opened way up, and then fell apart after the opening. I am going to look to short those stocks on rallies near the top of the big red candlesticks.
I’ve been covering the put/call ratio in several of these recent free videos in an attempt to provide additional clarity, and to also show how it does provide helpful trading signals. Let’s cover what that looked like today, and what it might mean for Friday.
There was a good deal of intraday movement in today’s session. We start off being oversold, found resistance with some precision, and now the question is that of an expiration pin. Let’s get into all of that in tonight’s video review.
Short from higher setups as the chop has traveled to the upper edge of the range. In this video I follow up on target expectations.