Happy Fourth of July, traders!  The S&P 500 (/ES) is in a downtrend, and the weekly squeeze is firing short. The /ES is trading at -2 average true ranges (ATR) below the 21 exponential moving average (EMA). Now the … Read more Rollover vs. Reversion

Heading into July, the question on all traders’ minds is whether or not the markets continue to roll over from here.  We expect more downside, but is there potential for a “bear market rally” before the next big puke? For … Read more July Roadmap for SPY

  The end of the second quarter is here. We want to focus on the rebalancing that can happen. As discussed earlier in the week, a nice roadmap has unfolded for us. We started the week with a double top. … Read more Market Breaks Structure, End of Q2

  The market made the perfect reset on Monday for the chance to make a big move next. The S&P 500 (/ES) hit the low of the year at $3,639 and bottomed. On Monday, we saw a cover pop to … Read more Reset for Market: Big Moment Ahead

  The bulls made progress for the overall market last week. The S&P 500 (SPY) gapped up through $385 and closed slightly above its 21 exponential moving average (EMA) on Friday. We’re seeing a switch from the Big 3 sell … Read more Bulls Lead into Quarterly Expiration?

  The bulls finally took control this week.  We saw the S&P 500 (SPY) rally into its daily 21 exponential moving average (EMA) at $390. We also saw heavily-weighted names like AMZN, GOOGL, and TSLA begin to rebuild the structure … Read more SPY to $390 or $400?