list of daily videos
How is the more hawkish Powell playing out in the indices? Very bearishly. Why is that? The Target Rate Probabilities moved up a notch, but does that mean there are no support levels and buys to consider? In this update, I look at just that for short-term swing trades.
Despite the Powell sell-off, support levels in March are clear and the sell-off has not pushed even the lows for the month. No reason to panic or even get long-term bearish. Let’s see what Powell follows up with on Day 2 of his Senate Banking Committee testimony.
With the S&P 500 reaching up towards resistance targets, the U.S. Dollar Index may hold clues to whether that resistance area will hold.
Markets sold off in the afternoon, as traders wanted to flatten out before Powell’s testimony before Congress.
There are a few different paths that SPX could take into resistance. Let’s see if Fibonacci tools can help us anticipate what it will look like.
Today was just one of those days. Nat Gas selling off 13% was not at all part of my plan. Wheat is also trying our patience, but I remain long both for the time being. Aside from that I’ll try to point out a couple more ideas like support levels for Coffee and Hogs.
Humphrey Hawkins, NFP jobs report, another chance at a Pit Bull Low, and the Index Futures roll from March to June with a bearish -40 point ES gap. Exciting times ahead.
In this video I walk through ROKU and several different time frames I am watching as well as a few different trade ideas to consider.
In this video I walk through the WDAY chart as well as a few different trade ideas to consider.
