MDY vs PPI, CPI, FOMC & Quadruple WitchingMDY has been holding above it's SMA200 for 19 days so far. In the next 7 days there are 4 catalyst events on the horizon. PPI 12/9 8:30am CPI 12/13 8:30am FOMC 12/14 2pm Quadruple Witching 12/16 Before it's too late, it's time to give careful thought and plan a strategy for upside or downside probabilities & possibilities. Here's MDY levels on the 1-day chart: SMA's SMA50 = $438.60 SMA100 = $443.68 SMA150 = $440.17 SMA200 = $449.92 SMA20 Triangular Trend Channel top = $501.06 R3 = $490.71 R2 = $480.37 R1 = $470.03 pivot = $459.69 S1 = $449.34 S2 = $439 S3 = $428.66 bottom = $418.31 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options360Published 1
Small & mid cap stocks are outperforming larger cap stocks!The outperformance in small & mid cap stocks so far this year is noticeable. I wouldn't be surprised to see this outperformance continue for the rest of 2021. by RobertlesnickiPublished 1
Midcaps breaking above this resistance area!The mid cap stocks are breaking above this big resistance area. This is telling because it's saying that the broader market is starting to participate in this rally off the March lows. This is a bullish indicator to me. by RobertlesnickiPublished 0
Mid caps and small caps will lead the next leg up. MDY, RUTMarket has found support. No more bad news can come out. Market is oversold. R/R long side is good from here. Indicators building higher lows and higher highs. Short squeeze is coming. Longby David_ScottPublished 113
midcap struggle is real$SPY midcap ETF struggling here. short under 342 as that would signal a lower high on daily $SPYShortby chaching23Published 0
S&P Midcap 400Critical level here. Could be a last point of supply (LPSY). Otherwise there needs to be a lot of buying volume to come in and move price through this area. The other scenario is that the market moves sideways/pullback.by patricktapperPublished 1
MDY midcaps Testing resistanceI don't usually look at the MID caps too much, but it is interesting that they already retesting the downtrend vs all the indicies, where they are just approaching that level of retest. DIA being the best vs IWM being the worst,by jamespwuPublished 3
Interesting patterns on S&P 400 (MDY)Although I am not a believer in Pattern Breakout buy in Index, This is something to watch out for. by UDAY_C_SanthakumarPublished 338
MDY ShortMDY is setting up for a short with the most current fractal. It also is showing a double top technical pattern. Here is my setup. One note, from a Ichimoku perspective both MDY and IWM are in balance (price close to the Kijun line on daily) so the market is setting up now to show its hand.Shortby paulyberndtPublished 0