These aren’t my favorite market conditions. The slow grind up most days isn’t a whole lot of fun in my book. This won’t last so I will be primed and ready for next week.
If you are new to the site, here is a walk through showing how it all works. https://investorsunderground.com/s/PXvWe
PDD Bounce
You can see that each time this tried to bounce it failed again and went lower. Once the bounce didn’t fail it was a sign.
PDD Fade
Nate intended this to be a quick scalp but when it drops $2 in about 5 minutes it makes for a great “scalp”.
SPY Failed Follow Through
Our favorite setup!
SHOP Long
Once it puts in a base you can use that as your risk level and turn the risk/reward in your favor.
Friday Morning Broadcast
Have a great weekend.
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