Market Analysis for The Week Ahead
Poised for a Break
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
Hopefully last week’s free plan was helpful to some of you. Most of the drama was taken out because of the Sunday night move but NQ and ES effectively climbed the levels until the Wednesday night move got a bit exhaustive. On a cash hours (RTH) basis ES never took out the prior week’s high, so it was a cash hours inside week. NQ did take out its prior week RTH high but was immediately rejected back into range. We had an extremely narrow range of value last week with rips high sold and dips lower bought. We now have a 3-week balance on ES. It definitely seems that the index is poised for a significant directional move. An upside break (with continuation) nearly guarantees a new all-time high, while a downside break keeps things a bit more interesting into the summer. We have major jobs data this week, and of course news on the trade front can come at any time.
PAID CONTENT BELOW AND IN THE DISCORD