New Lows Ahead?

2022-03-14 / Taylor Horton

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The SPY weekly squeeze is beginning to fire to the downside, nested inside of a 3-day, 2-day, and daily squeeze. The 4-hour squeeze officially fired on Monday, which could trigger the market to a new low. We’ll be closely watching out for any major catalysts to impact this headline-driven market, specifically on Wednesday during Federal Reserve Chairman Jerome Powell’s statement.

Taylor Horton

Taylor’s philosophy in life, as well as in trading, is Kobe Bryant’s “Mamba Mentality”. This is the belief that life is a constant quest to be the best version of oneself. He combines this belief with the thought that trading is very psychological in nature, and that in order to master trading one must apply the following concepts: consistency, discipline, and patience. Taylor is also a strong proponent of separating oneself from the money. He believes a trader should focus less on the profits and more on the process that leads to the profits. Profits are simply a byproduct of good trading!

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