Market Analysis and Trades for 5/8
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
If you’ve been considering the Discord but missed this weekend’s price increase, there is a Discount to bring it back to last week’s price point which will remain active for at least this week. The discount code is “UPONLY20.”
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 5/3
I launched a new service offering that can be seen here on X: Doggy Style Daily Degeneracy
In last night’s plan I prepared for the potential that buying would exhaust out (even if in the short term) which can then make things very difficult to trade for a day. Bulls are in control of all timeframes, but once buyers have exhausted out (again, even if only in the short term) levels will very often be given back quickly. These days very often catch traders off guard who continue to attempt to dip buy through multiple supports.
I caught an inkling that this was coming in the Discord at 10:23 EST, and NQ found its high 30 minutes later:
NQ dropped 400 handles from there, with ES falling 55. No major damage has been done. The index is still framing higher so bulls can regroup tomorrow and negate today’s weakness. On the flip side, sellers are reasonably positioned to bring the daily timeframe into balance (still not bearish). The next move would be more informative.
Paid Content Below or in the Discord