Market Analysis and Trades for 2/26
The Next 3 Weeks Likely Decided Tomorrow
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The weekly post and for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead
AMD 0.00%↑ is coming into my area of interest. I have waited since last summer for this area. If buyers show up where I expect them to, I will be long. Here is a link to the original post. AMD Where and How I Will Get Long
Since I pointed out the strong selling at Thursday’s open, we have seen it each day since and have traded 200+ handles lower. We remain in a large range and today tested the area that currently protects the bottom of the range. We have NVDA 0.00%↑ earnings tomorrow which clearly is a make or break for this market. Tonight, we will outline the key reclaims necessary to invalidate this current bearish sequence. If bulls can accomplish it, we will likely be long for new highs. If not, then we will remain short seeking the range low and likely a break of those lows.
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