Market Analysis and Trades for 4/23
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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
So far bulls have done everything they have needed to do in triggering the weekly bullish setup that involved a trap lower first. I’m frankly a bit surprised and impressed even though I had the scenario outlined. We have seen how quickly this market can change its mind, but sellers will have to negate this asap or they’ll be covering much higher. From the weekly plan:
For tonight’s plan we’ll discuss how this could flip back bearish, and where we might consider buying dips should bulls remain in control.
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