Market Analysis and Trades for 4/22
Trade of the Week Setups
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 2026 Equity Markets Year Ahead can be watched here: 2026 Equity Markets Year Ahead
The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 4/12
I launched a new service offering that can be seen here on X: Doggy Style Daily Degeneracy
In last night’s plan we were looking to do some edge trading for today. NQ had been brought to balance yesterday. ES had not but profiles suggested balance anyway.
For NQ from last night and today we were looking to short failed breaks of 858 and/or 26885. The weekly 26894-26911 level triggered a look above and fail of both and it resolved for 300+ handles to the downside. This then triggered the look below and fail of 609-630 (twice) resolving for 180 during the cash session and did it again after hours on the Trump tweet after taking out the extreme low of the range (569) and filling the RTH bull gap.
ES was just as clean on the short side but showed notable intraday relative weakness vs NQ. The LAAF triggered overnight into the open and once the IB low broke to the downside leaving potential single prints, the longs off 7117-7124 just didn’t have the strength to fill the potential (now confirmed) single prints. This must be noted and carried forward:
Balance trading is vastly different than trend trading and an ability to adapt is critical.
Paid Content Below or in the Discord