Weekly Market Outlook For September 14 – 18, 2020 – Momo Down But For How Long?

Weekly Perspectives August 30, 2020 – Trading One Form of Regret for Another Regret
Weekly Perspectives August 30, 2020 – Trading One Form of Regret for Another Regret
September 6, 2020
Weekly Perspectives:  Upward and Downward Spirals  🎢
Weekly Perspectives: Upward and Downward Spirals 🎢
September 13, 2020
Show all

 

 

Hi Traders,

This past week the markets continued their downward trajectory as last week’s lows were violated setting up the continuation “momo down” move we outlined in last week’s video.

The first half of the week saw markets bounce up after dip buyers stepped up only to be met with more aggressive sellers who were able to close the markets near the weekly lows.

Interestingly the VXX which is usually inversely correlated with the SPY also ended the week near the lows after completing the reversal pattern I outlined last week.
The trading relationship between the SPY:VXX has been certainly unusual the past several weeks now so it’s worth paying attention to see how long this condition persists.
What are the markets signaling?

With the major US indices now trading right around their 50 day MA’s and the quarterly charts still green we can expect the appearance of more dip buyers who have been very well rewarded this year.
This coming week the sellers must continue to stay aggressive otherwise risk losing the downside momentum which may once again turn into another buyable pullback.

In this week’s video I discuss:

  • Trading correlations
  • Trading the market that is in front of you
  • Understanding market expectation and the difference between market expectation and your expectations
  • How the VXX reversal we outlined last week played out
  • An intraday VXX short
  • How time is a constraint we put on price

Now watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching as well as the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD MGC BTCUSD EEM and more for the week of Weekly Market Outlook For September 14 – 18, 2020.

Feel free to drop any questions into the comments and hit the subscribe button to receive notices of our weekly market analysis videos.

 

Recommended

Weekly Market Outlook For September 14 – 18, 2020 – Momo Down But For How Long?

by editor time to read: 1 min
0
×
Sign up for our weekly newsletter
Stay up to date with the podcast, and get notified when the next podcast drops.