Market Analysis and Trades for 4/1
Is That a Good Low?
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 there is no reason to subscribe to both. The price for Discord only (and for NEW subscribers only- existing subscribers will not be affected) will be increasing Tonight or tomorrow morning.
The PharmD_KS Indicator script has now been updated and automatically converts the ES levels to either SPY or SPX per your preference. The link can be found here PharmD_KS Indicator Script V6
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 and the supplemental weekly video VIDEO SUPPLEMENT
The subtitle of the plan for Today was “That’ll Do Pig. That’ll Do” because we were looking for new lows. On a non-back-adjusted basis ES did not make a new low. The cash indices (SPY SPX) and a back adjusted futures chart did, and perhaps more importantly, QQQ 0.00%↑ and NQ did (both back-adjusted and not).
Tonight, we will examine the location and character of today’s low to assess whether it is likely to be a durable low.
Paid Content Below