4170 is pretty important today. What I didn't mention in the video is that it's last trading day of the month so we will likely get window dressing at the end of the day today to make the month of April look really good. Keep that in mind if you are short at the midway point of the day.
New all time highs, as expected. FOMC didn't change rates yesterday so the market continued its push higher. I don't expect that to change until we get some catalyst to push us lower.
Big FOMC announcement today, likely a dead market until 2 Eastern. The trade for me is unequivocally long, but I'd be cautious buying the dip if the news is negative coming out of the FOMC minutes.
Same song and dance, staying long.
Markets inability to sustain lower again, leaving us near all time highs (ATH) once again. ATH are not my strong point, but this market has turned into a more buy and hold market anyway and not much of a 'traders' market. Big week this week with a massive FOMC announcement where there are talks about a possible tightening of the liquidity, plus earnings from...
Late with the idea this morning, so no write up Likely to be a high-volatility type day, so size down and let them breathe.
Sellers unable to hold the fort again yesterday. It cost me a small loss, but we move on to the next setup. After grabbing ahold of the market again, buyers are back in the driver seat on pretty much all timeframes. If you're a buyer, I would not want to see the market below 40 today. If we head back down there after a trend up day yesterday, it's bad news for...
Sellers in TEMPORARY control, in an overall uptrend. I'm looking at 4100 if we test below, for the buyers to step in. Under 4100, I would expect us to start moving down pretty quickly. I still like the longs here.
Interesting little selling overnight. I still think the buyers are in charge, long term, until we break 4100.
Low volume again, so likely a continuation of the trend as the market continues to drift.
Market about to open here, no write up today.
I tried a quick short from 23 last night with a stop at 27. Obviously, it got stopped out overnight, as the buyers continue to dominate this market and absorb any kind of short term weakness. Look for that to continue today.
Low volatility likely and the market to get stuck at 4140-4150 on the way up. I am looking, as usual, to trade this outside in, in the direction of the trend (long)
A news based pullback overnight, but nothing alarming. I'm looking for another low volatility type day, outside in, in the direction of the trend (up)
Taking some time to upload today for some reason, so I will get these out to you.
Not much to say here. New ledge forming on the highs. I'm staying long and strong here.
Move higher and accept higher is still the theme. Even if we pullback here the longs are still good. 3970 is the aera of heavy volume underneath.