I mentioned yesterday that reversals would be a better bet to focus on for now.
The Dow-30 and S&P indices did form vague railroad track ‘esque setups, but their corresponding ETFs (the DIA and SPY) did not.
That’s not necessarily a terrible thing but it’s a reminder that you do want to check both the indices and the corresponding ETFs for the setups.
So, for the more adventurous there’s a possibility of a reversal follow-through today. For the more cautious it’s ok to remain cautious!
PS. If you’re interested in any of our OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with us. Many of our members aren’t aware of all the services we offer to help you become a more ‘informed’ and confident trader with the OVI. Remember, everyone is an individual, and we ensure that we can cater to you and your particular needs.
Tech stocks have weathered the broader market storm very well, the Nasdaq holding firm while the S&P, Dow and Russell
Last week’s headline was “Still Bullish, Still Challenging” and it applies equally to this week too. There are plenty of
Plenty of decent setups for us this week, but you’ll also see plenty of whipsaw-type action too. Just look at
