As the market remains overbought, I’m finding a lot of great opportunities for day trades across the lower timeframes. Let’s review a few from this week.
Stay Focused,
Taylor Horton
Until we start seeing Big 3 sell signals, the markets can continue this rally as long as they’d like. So long as it continues, here are a few setups we’re keeping an eye on.
Stay Focused,
Taylor Horton
With the markets continuing to march higher, we set our sights on the $SPX monthly squeeze target at $5200. Should the move unfold, here’s a few setups that are poised to do well.
Stay Focused,
Taylor Horton
The lower timeframes are leaning more bearish, with Big 3 Sell Signals on the /ES hourly chart. Watch the smaller Big 3 Squeezes, like on the 5-minute chart, as it could start a domino effect and trigger higher timeframes like the 15-minute and 30-minute charts to flush lower.
Stay Focused,
Taylor Horton
With $SPX hitting the $5,100 upside target today, will things finally start pulling back from here? While it is possible, the monthly Big 3 squeeze may have some unfinished business to do. Let’s take a look.
(Apologies for the froggy voice as I’m under the weather and losing my voice a bit).
Stay Focused,
Taylor Horton
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Despite the markets being overbought, some setups should perform well if the strength can continue for a bit longer. The Big 3 Squeeze shows squeezes on multiple names, such as $NVDA (Nvidia) and $MSFT (Microsoft).
Let’s review our game plan for next week:
Check out my post on X about NVDA:
Can $NVDA break above the $750 level ahead of earnings next week?
If so, the move may come from these "nested" lower time-frame squeezes: 2h, 1h, 30m, 15m coiled-up heading into tomorrow 📈$NVDA $SMCI $SMH $QQQ $SPX pic.twitter.com/juiLHSi2Hw
— Taylor Horton (@taylor_horton24) February 16, 2024
Stay Focused,
Taylor Horton
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This week’s primary chart in focus is the S&P 500 (SPX) Hourly chart. Especially as the SPX heads up toward $5,100, the game plan going forward is to hone in on the lower timeframes. The 30-minute, 15-minute, and 5-minute charts are all printing neutral Big 3 signals. It all comes down to the hourly 21 exponential moving average (EMA) and the lower time frame signals…
Check out my latest X post on the SPX, IWM, and AMD:
$SPX to $5100?
New video is live on the channel ✅
– $SPX monthly squeeze targets
– $IWM nested-squeeze setup
– $AMD to new highs? https://t.co/0eaZbm3n3u— Taylor Horton (@taylor_horton24) February 11, 2024
Stay Focused,
Taylor Horton
🎉 Our Presidents Day sale is LIVE! For a limited time, save 30% on our most popular courses, indicators, and memberships with the promo code USA24. Click here to see our most popular products on sale now!
The S&P 500 (SPX) finally hit $5,000, officially making a new all-time high. The question is, where do we go next? With most of the market being above the 21 exponential moving average (EMA), it does suggest that we could be close to the end of the move rather than the beginning. However, the monthly squeeze on SPX has fired towards the upside recently so this strength could continue into next week.
Follow me on X, where I post what my Big 3 Squeeze signals are showing me. Check out my latest post on the IWM:
$IWM: very much like $SPX back in April, there's a monthly squeeze printing here with a slingshot signal.
This is our early "heads-up" that this sqz may turn higher and trigger a move into previous ATH's.
For now, watch the 2D + D squeezes as they'll be the first to go for it pic.twitter.com/dggMKkbKNp
— Taylor Horton (@taylor_horton24) February 9, 2024
Stay Focused,
Taylor Horton
The market is a bit extended, so keep that in mind this week. On the weekly chart, many names are trading at 3+ average true range (ATR) away from the mean, so probabilities-wise we are closer to the end of the move than the beginning. We are continuing to see Big 3 Buy Signals on the SPX, and we could still see a push into $5,000. One thing to watch is the hourly Big 3 Squeeze on the ES Futures.
Stay Focused,
Taylor Horton
This week, the S&P 500 (SPX) pulled back to the 21 exponential moving average (EMA). Since then, the market has been trading around $4,955, and my Big 3 Squeeze signals point to a path into $5,000.
In today’s video, I review signals on the SPX and setups on Shopify (SHOP) and Google (GOOGL):
Follow me on X for more updates. Check out my most recent post:
$ES_F overnight lotto 🚀
Grabbed the $5k strike calls for tomorrows exp shortly after the cash mkt close.
Will make for an interesting Friday if nothing else 🫡$SPX $QQQ $AMZN $META $AAPL pic.twitter.com/eJuypd0rWV
— Taylor Horton (@taylor_horton24) February 1, 2024
Stay Focused,
Taylor Horton