Market Analysis for The Week Ahead
5/18-5/23
If you are looking to join the Discord please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. The daily and weekly plans are posted in the Discord so there is no reason to subscribe to both.
Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit
Bulls have been in full control for quite some time. We have not even seen a proper technical downtrend on the 30-minute chart since the 4/21 low. We had a 7-day balance which broke to the upside, but that was balance and not a downtrend. We got the Moody’s downgrade afterhours on Friday so we don’t know where we will open on Sunday night, but bulls have a lot of room to find a higher low if we get a pullback. I’ve outlined some of the areas most likely to offer this in this week’s plan, along with when things start to look more seriously bearish to me.
PAID CONTENT BELOW and in DISCORD