PharmD Capital Trading with PharmD_KS

PharmD Capital Trading with PharmD_KS

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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis for The Week Ahead
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Market Analysis for The Week Ahead

5/4-5/9

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PharmD_KS
May 03, 2025
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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis for The Week Ahead
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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

SPY 0.00%↑

After the trap on 4/21, the market has rallied 9 days straight. The brief liquidation (which was aggressively bought) on 4/30 was enormously helpful to get this leg higher some additional lift. We now have arrived at an extremely critical test.

Notice how relevant this range has been both from above and below, particularly on SPX. I believe this area will be the most important area to monitor possibly this entire year. The range outlined is the 4-day balance into election day, and we can see the 200-day sma sitting within the range. From a technical perspective, holding above this range brings a new all-time high into play. I have perhaps two area above that could maybe be strong enough to trigger a loss of this range, but generally holding above 5783 SPX opens a retest of the high. A failed reclaim likely brings 5400-5500 in play in the short term which is well above the current structural higher low. In my opinion bulls should welcome this opportunity to cool off some indicators

QQQ sits effectively in the same spot but has entered the range and partially tested its 200 sma.

This area corresponds to critical areas on ES from our year ahead plan. Because of the nature of the volume profiles of the last 2 weeks, bulls have some level of protection and as mentioned above, can certainly afford a higher low.

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