Another Bubble to Short?
In this video I discuss a rip higher before re-testing /NQ 11,700 heading into May Monthlies.
In this video I discuss a rip higher before re-testing /NQ 11,700 heading into May Monthlies.
Stocks caught a significant bounce from intraday lows on Thursday, but until at least 2 out of these 3 things happen, we’re not going to see a lasting low.
Crude oil is in chop on the daily timeframe but that does not mean we cannot find an edge. Finding an edge can mean shortening the timeframe. In summer, daytrading through chop and panic is an effective shift.
There’s been a good deal of intraday volatility and two-sided trade over the past few sessions. The market as a whole is still bearish, but I want to be aware of this two-sided potential as we get into May expiration.
In this update, we dive into the downtrend in the indices, managing expectations, and time horizon. Macroeconomic trends and more.
Here we find ourselves again at a mid-week update with the market at an extreme (High/Low) for the week. With more information now, having had an opportunity to observe some important order flow levels, let’s attempt to frame this for what may be around the next corner.
Overnight we looked long for a small pop and used said profits as risk capital to then flip and take the market lower. Check out the Strikezone method; made 12K in this bearish nightmare.
In this video, we look at today’s price action as we got the latest CPI numbers, showing that inflation continues to increase. This caused another big sell-off and the overall market looks very weak. We look at levels and try to determine which way we might go from here and how to trade this.