Market Analysis and Trades for 8/26

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 weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Market Analysis for the Week of 8/24

There is a 7-day free trial available for the newsletter so feel free to use that to review the starter kit, weekly plan, and plan for tomorrow. I cannot do trials for the Discord at this time.

Today was a bit of a disaster across indices. All 4 indices faded the entire night. RTY and YM continued that fade during RTH as the P breakdown played out (more completely on YM). Sellers on NQ and ES, however, seemed unready to initiate on the gap down (not entirely uncommon). ES held just above 6460 at the overnight low (60.75), and NQ held just above its 425-438 spot and triggered the LBAF of 485-499 relatively early. Because of the massive divergence/poor breadth, ES did very little while NQ rallied. The NQ passive seller from the 620s on Friday seemed to show up again and walked it down in a grinding afternoon sell.

Paid Content Below or in the Discord

JOIN THE DISCORD