PharmD Capital Trading with PharmD_KS

PharmD Capital Trading with PharmD_KS

Share this post

PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis and Trades for 5/5
Copy link
Facebook
Email
Notes
More

Market Analysis and Trades for 5/5

PharmD_KS's avatar
PharmD_KS
May 04, 2025
∙ Paid
22

Share this post

PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis and Trades for 5/5
Copy link
Facebook
Email
Notes
More
1
Share

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 weekly post and video for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead

SPY 0.00%↑

After earnings were received relatively poorly on Thursday, ES still held the key 5596.75-5600.25 spot at the low (5601 overnight low) and then saw an enormous (yet very thin) rally on frankly the same “US and China might talk” headline we’ve seen countless times in the last two weeks. This rally stalled just below the weekly 5675-5680 spot and Thursday’s high, but held a pullback low at the daily 5633-5636.5 level. After some consolidation into NFP, the report was really quite good, and ES nearly made it to the major weekly 5702-5706 spot before an inventory correction (pullback) was needed into and at the open. The weekly 5675-5680 spot was not initially controlled, but the daily 5663.5666.75 spot (prior resistance) was quite strong and triggered a move directly to 5702-5706. A higher low (I’ll share the trade setup below) led to a break of 5702-5706 for the major 5720-5723.5 weekly level (they’re getting closer together up here as we have some stiff resistance).

In the case of Friday, a back test of the open from above was a decent setup and the look below and fail 30 made it even more powerful

Notice how it took out this (circled in yellow) “higher low” before ripping higher. Higher low is in quotes because it was not a structural higher low on the 5. This was a good opportunity to join the uptrend if the long at the 5663-5666.75 level was missed

Paid Content Below or in the Discord

PharmD Capital Trading with PharmD_KS is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 PharmD_KS
Market data by Intrinio
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More