S&P 500 flashed not one, but two crucial warning signs at the onset of yesterday‘s session, and swing trading clients benefited from the slide, going for almost +190 ES pts in less than two full trading days. No countre trend little bounces with very limited risk worked yesterday, and there were two key reasons for that (discussed with clients) – one of them was Nasdaq losing relative outperformance premarket.
Today‘s punchy video dives into volatility and options in determining whether we‘ve seen extreme fear already, whether the swing trading bottom is in, or not. This is still ripe for short squeezes – can one hit before CPI or PPI?
Yields are rising, USD against euro not yet, but vs. the yen already yes… signal in itself. Just review yesterday‘s and extensive weekend video for more clues.
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Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 3 more of them, with commentaries.
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