October 10th 2023 Yesterday showed the importance of patience post major market news. It’s not about our market expectations, it’s about how the market responds to our strategies, guiding our trading approach. Here are two key observations from the charts; firstly, the continuous inward movement of the daily Bollinger bands. This suggests the market remains […]

October 9th 2023 We’ve had some time now to let the market process the saddening news over the weekend. So far, the equity markets have been only somewhat affected. Stepping back and looking at the technicals, the market is showing several key indicators. Friday’s close was above the 5-day moving average, the overnight low remained […]

October 6th 2023 I’ve got some trading thoughts for after the NFP numbers release. Throughout the week, I anchor VWAPs to the opening bars of the RTH. By Friday, we have several to show us potential pressure points. As indicated in the chart, the chop zone of the market lies between the top VWAP of […]

October 5th 2023 As discussed in my evening note, I anticipated some overnight volatility and a potential pullback to the 4277-74 area – which did happen. The market held this area and rallied up to the 5-day moving average, consistent for several sessions now. Today might echo yesterday; bears may attempt to push us lower […]

October 4th 2023 I’ve previously discussed the likelihood of the YTD VWAP being tested at 4230. Overnight, the market dipped to this point and has since experienced a substantial rally. Though this low is currently holding, we’re not entirely in the clear. Even though we’ve hit my target, the daily Bollinger bands continue to indicate […]