As the Big 3 Signals are showing signs of exhaustion, we have a handful of 4-hour squeezes printing into next week. Whether higher or lower, there’s a great chance these squeezes will trigger the next meaningful move. Let’s take a look!
Stay Focused,
Taylor Horton
Heading into tomorrow’s CPI report, I’m seeing some signs of “exhaustion” in the $SPX and $QQQ. Are these signs of exhaustion enough to warrant a deeper pullback? Let’s dive in and take a look.
Stay Focused,
Taylor Horton
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
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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