- Ace in the Hole
- Posts
- Ace in the Hole - Edition #79
Happy Monday Traders!
I hope you all had a great weekend and enjoyed the time off. We have yet another crazy week ahead of us.
Volatility has been picking up, FOMC meeting is this week, the only thing that isn’t going too crazy is earnings due to earnings season being over.
Let’s dive into the market.
Market Thoughts
$NQ_F ( 0.0% ) 4hr Chart
Going into the new week, I’m looking for previous week high or previous week low to get taken. We need to trade to the high or low to take liquidity for the week.
I would like to see us move lower to previous week low first, so any trades I will be looking to take at the beginning of the week will be to trade to previous week high or low.
I honestly think this will be the best trade of the week, rather than trying to play during FOMC with all that crazy volatility. Either way we will look to capitalize early in the week with this.
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
Economic Calendar
These data points are known to bring volatility during the intraday:
Tuesday 8:30 ET: Retail Sales
Wednesday 8:30 ET: Unemployment Claims
Wednesday 2:00 ET: FOMC Statement
Wednesday 2:30 ET, FOMC Meeting
Trending Sectors
Energy, Healthcare, and Technology 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!
