Fishing Plan for Week of May 4 – 8: Rapid Shifts
Market Thoughts This morning I had one target in SPX as called out in my live trading room: $2898. It was hit aaaand then it was rejected. (Not my first rodeo.) Having said that, I still expect chop this week into Non-Farm Payrolls. A few reasons: We haven’t gone anywhere really but sideways for 18 […]
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Fishing Plan for Week of April 13 – 17: Worse Than 2008, More Like 1929
Market Thoughts Slow, sloppy day. Of my five top intraday, intermarket indicators: 2 Bearish, 1 Bullish, 2 Neutral. Think ‘counting cards’. If I don’t have 3/5 or 4/5, I just don’t see the point of playing. Bullish into Earnings: The bulk of SPX earnings are concentrated in the next 2 weeks with 66% of the […]
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