Taking a look at the Daily Structures of SPY and QQQ and keeping an eye on their squeezes, also looking for tech to move with the SPY into the 2+ATR range. We also touch on some of our current setups like: GOOGL, FB, CAT, and MMM.
TGIF! Let’s see how the market looks at the end of the week and discuss possible moves for our upcoming Sunday Prep!
The market is not quite out of the woods yet, but if the ES can clear its recent resistance, and the NQ can hold above the 50-day simple moving average (SMA), we could make a nice push for an all-time high. One day at a time, but bulls are holding strong.
We’re once more looking at the indexes for a roadmap to what the overall market will do. Preparing for whatever may come. If this, then that.
Once more facing the unpredictability of the market, which led to two important lessons learned thanks to good old volatility.
Touching on this week’s trading set-ups and how waiting patiently and being disciplined with our strategies paid-off.
Looking at some of the plays we have set up for this next week and beyond.
The market has been pretty resilient lately, so we’ll be keeping a close eye on some key players in the upcoming weeks.
