MRWDTrader

MRWDTrader

We just got an enormous buy signal on the 4 hour chart that I like to trade on for swings. What is super interesting is that max pain sits at $2 for this Friday, which I doubt will be achievable. maximum-pain.com What MSM is failing to talk about is the enormous volumes that are being traded. Yesterday alone around 260Million. Is that retail or meme stock...

MRWDTrader

Around 410 we see a possible short entry with a very tight SL at 425. At around 425 we see a move into the upside of the ichimoku cloud. The overall economic underlyings are still not great all so market might mess with us a little more.

MRWDTrader Updated 

Given the horrible macro trends and outlooks (which are yet to be priced in) we are on our way to 3200

MRWDTrader Updated 

I feel, based on this easy setup, that the SP600 small cap still has some room to go. I believe we will see a pullback by September with an additional increase of around 10% before reaching a top and thus retreating.