October 8th, 2024 Sell rallies, not breaks. Buy breaks, not rallies. Momentum has stalled for the bulls, but they are far from beaten. We’re just in a mean reversion phase for now. As long as we remain below 5813 on a closing basis, I think we’re headed to 5688, which will be a key test […]
October 7th, 2024 Stalled, but not stopped. The ES has hit a resistance area that has stalled the bulls’ momentum. As long as we remain below 5813 on a closing basis, I think we’re headed to 5688. My reasoning is that the momentum from the daily Bollinger Bands has shifted from range expansion to contraction. […]
October 1st, 2024 Indexes are displaying divergences as we head into the 4th quarter. I go over what I see happening in ES, NQ, RTY, and YM in the coming sessions, and what I believe is the best way to trade these indexes. 📽️
September 30th, 2024 The stage is set for EOM and EOQ, and for now, the momentum is stalled for the bulls. End of the month is typically my favorite day of the month to trade futures because the last 5-10 minutes of the day are typically a one-way move. Through order flow tools, if aggressive […]
September 26th, 2024 Gap and go. Bulls had a hiccup yesterday and ran it back up overnight, giving them the momentum they needed to take the market to the next level. This rally overnight in ES looks like it has legs to run this morning. In the other indexes, YM, RTY, and NQ, they look […]
September 25th, 2024 New day, same market environment, same strategy: favor buying the strong and avoid buying the weak or laggards. Technically, the YM and ES remain in favor for trading on the long side, while the NQ and RTY, although firming up, still have a chart that suggests we’re in a two-way tape. As […]
September 24th, 2024 Rally mode remains intact. YM and ES stay firm in their upward grind, while NQ and RTY are navigating a two-way tape to improve their technical status on the charts. As I’ve mentioned, in diverging markets, I prefer to buy strength or sell weakness. Given the primary bull market, my focus is […]
September 23rd, 2024 As we are now through OPEX and FOMC, the market tells us it likely wants to go higher. The indexes are still in a divergent pattern, and it will unlikely be a clean trade higher, but the path of least resistance is up. How do we as day and swing traders trade […]
September 20th, 2024 Day 3: OPEX. How we close today likely sets the tone for the coming weeks of the market. Barring a major selloff taking out the lows following the FOMC announcement, any close above there would be considered bullish in the coming sessions. If we were to give back all of the gains […]
September 19th, 2024 Day 2: Let the cutting cycle begin. The day after the FOMC meeting is when the market typically reacts to what happened on Day 1. The reaction now is clearly bullish, likely because, as the dust has settled after yesterday, the cutting cycle has begun. Many believe this cycle is bullish for […]