April 1st, 2024

New Quarter, Fresh Start. As we come off of Easter, we begin the new quarter with a mindset of optimism and positivity. Whatever happened to you in the last quarter is now behind you, and you have the new quarter ahead to make adjustments off of the mistakes you made in Q1. Trading can turn around in a hurry for you in either direction (good or bad), which is why we must always stay optimistic and positive. Fixing mistakes in the moment they are about to happen is what will make you a more successful trader in the future.

One of the keys to success is understanding and accepting what the market environment is. Right now, we are in a trending bull market that has low volume and volatility. It’s an environment where you must lower expectations of market moves and not try to force your will on the market or make something happen when it’s just not there to do. I am sizing down and being hyper-focused and ready to act when there is a setup, instead of trying to trade every day when there may be many days where there is nothing to do.

As we enter today’s trade, I go to the RTY and see that the chart presents the greatest opportunity right now. They are breaking out of the range they’ve been in this year, and the top Bollinger Band is opening up, indicating range expansion mode. I like RTY longs in my day and swing trading strategy right now.

ES is in a super tight channel higher, which also favors longs, but I just think the tape is not going to run away from here. Expect tight daily ranges.

NQ looks like a two-way tape for me. For the day traders looking for two-way action, the NQ is the play right now.

Remember to be small, smart, and fix your mistakes in the moment, not after the fact.

I also wanted to let you know that my daily note can be received in your inbox each morning by subscribing here: https://anthonycrudele.com/newsletter. Additionally, I will introduce new features on my website in the ensuing weeks/months, with notifications being sent to traders through the email list.

Wishing you all a great Q2!

Cheers, DELI

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