- Ace in the Hole
- Posts
- Ace in the Hole - Edition #77
Happy Monday Traders!
I hope you all enjoyed the weekend and got some time off. Another BIG week of data awaits us.
Last week, our thoughts played out pretty well on $NQ_F ( 0.0% ) , let’s dive into what I’m thinking for the new week.
Market Thoughts
After rallying into my bullish targets we’ve seen this market cool down a bit into the end of last week.
I’m still higher time frame bullish, but I do think we need to rebalance lower before going any higher now, it’s also a new month which means we need to expect manipulation of the monthly candle to happen soon.
$NQ_F ( 0.0% ) Daily
I want to see a move down to SSL and Equilibrium of last months range before going any higher.
After sweeping SSL and getting the structure needed to be bullish, I can see this going all the way into 22,000 where BSL rests.
If we get displacement under SSL and get actual continuation under this area then I might be wrong and we may need to sell of further than I anticipate.
I’m also expecting a decent amount of volatility due to all of the red folder data coming out this week.
AI Trading App
If you’re not using AI to help you make money in the stock market, you’re behind.
But it’s okay, Prospero.ai has you covered.
Not only is their mobile app extremely user friendly, it actually teaches you how to use the platform to form winning ideas.
Download the FREE AI App here:
Weekly Gems
They also have a weekly newsletter where they send YOU the best setups they have from the platform directly to your inbox.
I recommend checking out both the app and the newsletter.
It’s FREE, you have nothing to lose: https://prosperoai.substack.com/about
Earnings Calendar
Economic Calendar
These data points are known to bring volatility during the intraday:
Monday 10:00 EST, ISM Manufacturing PMI
Tuesday 10:00 EST, JOLTS Job Openings
Wednesday 10:00 EST, ISM Services PMI
Thursday 8:30 EST, Unemployment Claims
Friday 8:30 EST, Non-Farm Payrolls
Trending Sectors
Real Estate, Consumer Discretionary, and Technology were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
AI Trading App
If you’re not using AI to help you make money in the stock market, you’re behind.
But it’s okay, Prospero.ai has you covered.
Not only is their mobile app extremely user friendly, it actually teaches you how to use the platform to form winning ideas.
Download the FREE AI App here:
Prospero.ai | Free AI Investing App | AI Stock Picker
Prospero.ai simplifies complex patterns into actionable insights with our AI investing app. Unlock winning trades and uncover high-potential stock picks.
bit.ly/Jordan_Prospero
Weekly Gems:
They also have a weekly newsletter where they send YOU the best setups they have from the platform directly to your inbox.
I recommend checking out both the app and the newsletter.
It’s FREE, you have nothing to lose: https://prosperoai.substack.com/about
Economic Calendar
These data points are known to bring volatility during the intraday:
Tuesday 8:30 EST: Durable Goods Orders
Wednesday 10:00 EST: Richmond Manufacturing Index
Wednesday: 2:00 EST, FOMC Meeting Minutes
Thursday 8:30 EST: GDP & Unemployment Claims
Thursday 10:00 EST: Pending Home Sales
Friday 8:30 EST: PCE
Friday 10:00 EST: Consumer Sentiment
Trending Sectors
Healthcare, Utilities, and Consumer Defensive were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
Tactical Traders Discord:
Live trade alongside professionals, access custom curriculum, trading psychology support, and join a community focused on your success. Learn, grow, and Profit Together.
Watch me and my peers trade LIVE!
