Gameplan For Tomorrow And Trade Reviews
First and foremost, QQQ slightly negative here with daily 9 sells across the board
The trade is VERY simple here:
Tuesday is usually bullish when Monday is down like this. If we open lower and the bonds go up, buy near 316 on QQQ with a time stop for the EU close. If QQQ isn't above 316.3 by 11:30 EST, take the loss. Of course, use a max risk stop on if that decline goes down too fast too quick, or get back in above that 316 level after it confirms a hold.
If it is a small up open, I think we have short if the bonds go down and energy outperforms. 322 is my range projection levels on the upside and where I think the short will have the best risk reward.
I bought DVN today because its sitting on the range projection lows and energy should play some catch up here, hence rates might go up.
Remember, all the trade ideas are live on Discord
SPY with a CLEAN 9 sell setup here. Don't get it twisted though, if the bond market is stable this is going to be another major trade for the one dimensional overfollowed gurus.
IBB is working on the reversal of a lifetime...
Going to put out a YouTube video discussing the broad market dynamic here as well. Thank you for the views, subscriptions and if you EVER need any help or have any questions, you can just reach out to me anytime.