Markets Still Look Toppy, Longer Term
Overall, markets still look like eventually, they want to tag their 200 weekly SMA.
Archives: Daily Videos
list of daily videos
Door #3
As traders, we often confine ourselves to “up or down”, but there is a door #3 that we have to consider.
The Song Remains The Same
In this video, Bruce discusses the continued weakness in the overall market. We have had lots of warning signs since the start of the year and have fallen over 10% since then. Bruce is still pulling for the Bulls, but today we broke below the 200 SMA (Simple Moving Average) as yet another Bearish sign. While this type of deeply oversold market can rally very quickly and violently, we need to use extreme caution in this market and only take trades with an edge until the smoke clears. Therefore, we wait and watch and sit on our hands more than normal for not good, but great trades, and be ready to pounce.
Is The Bottom In?
The question on the minds of traders and investors! Trading is about probability, and while no one can know the future, we can follow the data. Here’s what the data is showing and where the opportunity is.
How High Can A Dead Cat Bounce?
David still thinks the S&P 500 is likely to roll over. He reviews levels that would start to confirm this idea and levels that would suggest up instead.
Were You Well Positioned For This?
With a little bit of “less bad tariff news,” the market was able to take advantage of the technical setups ripping higher today. TG had been looking for this kind of move since the beginning of last week, so he was well positioned. Now we’ll see if the market can hit his targets.
Relief Rally?
After constant selling over the past four weeks, we all wonder when will we see a little relief. With the OPEX now behind us, Neil will start to look for a little of just that. Let’s have a look at levels in tonight’s market update.
Heads Up For These Setups
As the OpEx sessions wound down to a close, there are a number of setups to keep an eye on for next week. In this update, Raghee shares the symbols, setups, and levels.
Chopex + Structure
Sam reviews the core markets and the periphery to see how things are aligned into next week.