My Big 3 Indicator finally printed a buy signal after the $QQQ’s daily squeeze fired, creating a daily bull squeeze. Let’s see if they push higher. As far as the market goes, the $SPY is filled with nested squeezes, with bull squeezes showing on smaller time frames. In today’s video, we look at what’s on the watchlist for this upcoming week.
We cashed out in Amazon ($AMZN) in my Compounding Growth Mastery. Now we’re on to the next squeeze setup in Lam Research (LRCX), which is looking just like AMZN.
The S&P 500 (SPX) is still showing a daily squeeze. The key to the squeeze is figuring out whether everything is aligned for a push higher or a move lower. Regarding other positions, I got long Amazon (AMZN) with my Compounding Growth Mastery members. AMZN is showing squeezes on multiple time frames, let’s see which way the squeeze fires.
My favorite setup coming into this week is Amazon (AMZN). Depending on the bigger picture of the market, I’m looking to buy calls on AMZN. Check out the video above for my full review on Amazon and other names I’m looking at this week.
After Wednesday’s Federal Open Market Committee statement release, Chairman Jerome Powell also spoke. The market’s various squeeze-buy signals are now gone, and we reverted to neutral.
Lower time frames are also now showing neutral or bearish signs. Now we want to take a step back and re-evaluate before moving forward.
For my roadmap this week on the S&P 500 ($SPX), I’m still looking for a push toward $420.
The weekly and daily squeezes are still showing buy signals. Let’s see if we get a pullback before we go higher.
The structure of the market is holding up, and with multiple bullish squeezes happening, I’m going long into this week.
Ideally, I would like to see a pullback before entering the $420 calls. However, im accepting max loss either way. Let’s see how this week plans out.
Download my main TOS watchlist: https://tos.mx/sgYtJvU
Ahead of the open, I take my Big 3 Indicator and review some high-compression squeezes on a few names.
Most of the time, high compression squeezes fire short; let’s see what the week brings for these squeezes.
With a break of the lows followed by a bounce above support, the 4 hour charts are setting up for a “slingshot squeeze” to the upside. Here’s the trades we opened in the rooms today!
After the Consumer Price Index (CPI) report, the market popped towards our target, the ATR trailing stop. Let’s see if the weekly squeeze will finally fire soon and lead the way.