NASDAQ - WHERE ARE YOU GOING?!
Updated
Hello Traders,
Crazy week already.
Don't worry we mentioned the market will be volatile this month. Lots of upside and downsides to play but we need to be careful not to get caught up on the wrong side.
We are still overall very bullish but we need the market to digest the FED news and go through a few more days of volatile trading.
Market really didn't really like what Powell said today but there wasn't anything really bearish.
We are simply still in a corrective phase and you want to be patient for good setups.
We're looking to sell the rip again intraday tomorrow. Going to have to wake up and see where we're trading at. But ultimately looking to go long on some positions at the lows of the day tomorrow.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
Crazy week already.
Don't worry we mentioned the market will be volatile this month. Lots of upside and downsides to play but we need to be careful not to get caught up on the wrong side.
We are still overall very bullish but we need the market to digest the FED news and go through a few more days of volatile trading.
Market really didn't really like what Powell said today but there wasn't anything really bearish.
We are simply still in a corrective phase and you want to be patient for good setups.
We're looking to sell the rip again intraday tomorrow. Going to have to wake up and see where we're trading at. But ultimately looking to go long on some positions at the lows of the day tomorrow.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
Note
We're just eating up this market like it's a joke! If you've been following us, you were either patiently waiting (not losing money) or making a crap ton of profits. We're going to take this market piece by piece.
Update: We are in SPY, MSFT, FB, AAPL Call positions with atleast 1-2 months out. Looking for that ultimate bounce.
HOWEVER,
today's end of the day move definitely put us in a danger zone. If we cannot get a significant bounce next week. We'll update some more ideas on the downside.
We're not going to just deny that there are some indicators pointing towards more possible downside but we also put a lot of macro perspective on our trades. Also 10 year pointing higher, Dollar not as high as we were thinking on this move, Oil back on the upside, and Yen pairs stabilizing in fx. We'll have to take this month day by day but like we said...this month will be volatile.
Enjoy your weekend!
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