Market Analysis and Trades for 11/12
If you are looking to join the Discord (now separate from the newsletter) please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. Plans/levels will be posted in the Discord so the Discord option includes Substack content but a new Substack subscription does not include Discord access.
Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit
The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Market Analysis for the Week of 11/2
We were looking for (at least initially) a pullback into today:
NQ was weak in particular, but really nothing else out there was bearish:
NQ found its feet at the area (demand) which protected yesterday’s low:
Once sellers failed to get to yesterday’s low on the weakest index, the rally was on and ES ran to the weekly 6880-6883 level.
I can’t say indices are fully in the clear just yet, but today was broadly quite constructive
Paid Content Below or in the Discord
Keep reading with a 7-day free trial
Subscribe to PharmD Capital Trading with PharmD_KS to keep reading this post and get 7 days of free access to the full post archives.