To Trap Or Not To Trap?
Crashy price action ends the week with a notable turnaround at key levels. Will it be enough to stem the bleed? Let’s define both ranges so we know what to do next week.
Crashy price action ends the week with a notable turnaround at key levels. Will it be enough to stem the bleed? Let’s define both ranges so we know what to do next week.
In this video I talk about how eventually we are waiting for another opportunity to short the markets down to the 2020 pandemics highs and lows in what could be another nasty Monday.
In this video I outline what severe selling would look like, and why I am considering it for the last week of May.
On Monday we discussed why Gold was at a level where it might bounce and it is, indeed, up from those levels. Let’s check back in and review what we need to see in order to think it might continue.
With no better bounce than Thursday the path of least resistance is still lower. There’s always the chance of a short covering rally, but until price ignites that move, I’ll be looking for bearish extensions.
Thursday brought a quiet session to the markets after Wednesday’s landslide. Will monthly expiration bring more of the same or are we due for some fireworks on Friday?
In the current market of follow-through and volatility, tightening the timeframe of our trade is a path to avoiding much of this. In this update, I deep dive daytrades from today and explain how and why these were valid trades and setups.
The sell-off is not a problem when the emphasis is on the macroeconomics that are powering the move lower. Understand those and the opportunities in this environment are easier to see.
In this video we look at today’s major free fall and look at the damage being done to the structure of the market. We once again find ourselves in a pivotal point of a bounce or failure and I think that even if we bounce, we fall further. How do you trade this mess, and can you actually make any money in this type of market?