The bulls made progress this week with a slight drop on Friday. The question now becomes whether or not the markets can get back above their weekly 21 exponential moving averages (EMA). We’ll look for progress to start on the lower time frames.
Market-wide, we see names back above the daily 21 EMA, canceled-out sell signals across every timeframe, and a transition from neutral to bullish signals.
For now, we’ll wait for the next round of Big 3 buy signals to take bullish action on this dip.
In the video above, we’ll review the Big 3 signals across multiple timeframes on the major indexes, DXY, and HYG. We’ll also walk through our trades on PEP, COIN, and CSCO in the Compounding Growth Mastery this week.
I’m excited to see those of you that purchased the Big 3 indicator in the live strategy class this Saturday, July 23rd at 12:00 p.m. Central. We’ll use our Big 3 Scan to find actionable setups and break down how to use the Big 3 indicator to find A+ setups.
Stay tuned for the live How to Trade Reversals bonus class on Monday, July 26th at 1:00 p.m. Central.
In Sunday’s watchlist video, we’ll review the top two setups we’re watching on TSLA and AAPL.
Have a great weekend, and I’ll see you in the class on Saturday!
Stay Focused!