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More Moves to New Highs?

May 21, 2021

Happy Friday Traders! The action in the market this week was a mirror image of the action we saw last week. During the session Wednesday (5/19), we saw the volatility index (VIX) spike 2+ average true range (ATR) on the … Read more

Perfect Hold, All-Time High?

May 20, 2021

  We got the expected flush attempt by the market, but both E-mini S&P futures (ES) and E-mini Nasdaq-100 futures (NQ) held nicely at major inflection points, starting a potential reversal. ES is right near the daily Ichimoku Cloud, which … Read more

Big Drop, Decent Pop… Now What?

May 18, 2021

  After keeping an eye on the 50-day simple moving average (SMA) last week, the market has started showing some pops to the upside. We need to be patient as we move forward and see what happens next. We could … Read more

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