Market Analysis for The Week of 10/26

Breakout, Failed Breakout, or False Failed Breakout (yes, really)

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 the Discord option includes Substack content, but a new Substack subscription does not include Discord access. There is a 15% discount with code CALVES15

Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit

There is a 7-day free trial available so feel free to use it to unlock the full weekly plan. Be sure to read/watch the starter kit first.

SPY 0.00%↑ QQQ 0.00%↑

The last few weeks have been relatively wild and excellent for unbiased two-directional traders. While the massive selloff on 10/10 caught many off guard, we were well-prepared having identified the “trap door” setup ahead of time see here for Return of the Trap Door Setup

Both SPY (during cash hours) and QQQ (after hours) hit their full trap door target and that was the low

After the following week was an inside week (with amazing setups and range) this past week broke the inside week straight away on Monday. However, a liquidation was brewing for which we were again prepared. See here for the P Breakdown

QQQ hit its target, followed by SPY hitting its full target (the ES Sunday night low), and that was low of week.

The week ended with a trend day up on Thursday to the top of the Mother Bar candle and nearly 6-week range and Friday broke to the upside. So that’s it then, right? Wen Moon, Wen Lambo?

Not so fast . . .

JOIN THE DISCORD

PAID CONTENT BELOW AND IN THE DISCORD