Let’s take a look at this week’s price action. The major question is how the bulls handle the dip. The bulls have made progress over the last few weeks, most noticeably on the lower timeframes. This week the market … Read more Testing the Bulls

This week’s technicals lead the market as it broke down. On Friday, two economic reports end the week. The Producer Price Index (PPI) will be reported at 8:30 a.m. Eastern, followed by the UMICH Consumer Sentiment Index at 10:00 a.m. … Read more /ES Fading From Trend

The last month of the year is here. Let’s end the year strong. The week is filled with economic data. On Monday, the first report will be the Purchasing Managers’ Index (PMI) at 9:45 a.m. Eastern, followed by the ISM … Read more /ES Major Levels Approaching

The bulls have done well holding support thus far. The Dollar index (DXY) is continuing to help the bulls on both the Hourly through the Daily charts. HYG looks better than it has in a long time, since the market … Read more Last Puzzle Piece for Reversal

  All in all, it was a good week for the Compounding Growth Mastery. We closed our SPX put credit spread, took profits at the highs on NVDA, and took an exit for a loss on ADM, protecting our capital … Read more How Will This Market Handle Dips?

As a day trader, there are four main patterns I’m looking for in the market. The 4 patterns are: Double Bottoms Double Tops Bull Flags Bear Flags These patterns are not only formed intraday but also on bigger picture charts. … Read more Deep Dive: Favorite Day Trading Patterns