Playing An Oversold Bounce

Market is still BROKEN but here’s why an oversold bounce makes sense to me:

Gold ‘should’ pullback and SPX bounce if this resistance means anything.

Thinking ‘head fake’…

SPX pretty oversold or getting close

Has proven to be a nice place to go long in the past few years…

Fascinating that Crude didn’t break down out of the triangle but XLE did, decisively. Usually, Oil leads… so watching HYG (if it bounces as LOTS of Oil+Gas corporate bonds in its holdings) as sign of sentiment to try and gauge if this big move lower in the Oil Patch was just a head fake.

Be Safe!

About Your Captain

Samantha LaDuc is the Founder of LaDucTrading.com and the CIO at LaDuc Capital LLC. As a Macro-to-Micro analyst and professional options trader, Samantha leverages her insights on volatility and money rotation to make her historic market-timing calls. With a backdrop of Macro, Intermarket, Quant, Fundamental, Sentiment and Technical Analysis, she provides risk-defined option trades for clients. Her focus is dedicated to identifying reversal and continuation patterns across global equities, currencies, commodities and interest rates.

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