Market Analysis and Trades for 4/7
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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 4/5
As has been the case a number of Sunday’s, the best trade played out overnight. Both the NQ and ES long played out, but NQ was far cleaner. We were looking to get long on a hold or (even better) a look below and fail of 24004-24043. This played out in the first 10 minutes of the session and the rally was on (more than 400 handles in total).
IF that trade were to set up, my expectation was that 24243-24269 would be taken out and it was.
As was proposed in the weekly plan, the 243-269 level flipped to strong support today
Sellers made a brief attempt to get back through 243-269 but it was foiled by 205, turning into a LBAF of the IB low for a nice long:
There is some pretty significant structural conflict across timeframes on ES and NQ that can and did make for some choppy trading at times, so selectivity was the key today (and may be tomorrow as well).
I did a public livestream on 3/4 discussing a bit about volume profile, a bit about trading in general, and answered a few questions. The replay can be seen here: March 4th Livestream
I launched a new service offering that can be seen here on X: Doggy Style Daily Degeneracy
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