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
SPX SPY ES for 7/29/24

SPX SPY ES for 7/29/24

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PharmD_KS
Jul 28, 2024
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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
SPX SPY ES for 7/29/24
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Link for Discord Access: Join us. Be sure to check your junk folder.

The weekly plan should be read and the weekly video should be watched prior to reading this post. Weekly Prep and Video

I did a quick video on a Crude Oil setup last night and it can be found here. Crude/Energy Trade Setup

The downtrend in SPY 0.00%↑ and QQQ 0.00%↑ has found a bit of a pause as of Friday, putting in an inside day. Buyers were unable to take out Thursday’s high after what was initially a rather strong trend day up. Sellers stepped in just below Thursday’s high and undid nearly all of the upside traction we had seen. As mentioned Thursday, the structure and location of Thursday’s high is extremely concerning for bulls. The fact that sellers defended it at yet another key location puts even more pressure on buyers to perform this week. We are trading in a bit of a box between Thursday and Friday’s action and we will monitor for trades against that box. I generally believe we may not have resolution in terms of swing high vs continuation short until after Wednesday, but we will be prepared to navigate into swing positions either direction as this week plays out.

The first 5 parts in my free series explaining some basic profile concepts is now available at www.pharmdcapital.com. Click PharmDCapital This section and other free material will be added to over time. Scroll down to the “Want a Taste” section to read it.

To learn more about how I trade, see the post “What is Trading Doggy Style” Here

Learn to Trade Doggy Style

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