- Ace in the Hole
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- Ace in the Hole - Edition #80
Happy Monday Traders!
Welcome back, I hope you all had a great weekend. As tensions rose in the middle east, traders have been eager to see where the market will open at.
Last night we saw futures open up and drop over 200pts just to wake up this morning and see all of that recovered. You would think with war happening the market would be tanking, but history has shown us otherwise.
War has generally been bullish and has never really been the real catalyst for a sell off. We have a crazy week ahead, let’s dive into it.
Market Thoughts
$NQ_F ( 0.0% ) 4hr Chart
$NQ_F ( 0.0% ) has been accumulating for over 2 weeks now and we had a manipulation leg to the downside last week sweeping previous week low.
I’m looking for the move down from this area to be the fakeout to trade back to previous week highs. If we need to keep selling off, I think we go hit the levels to the downside I have drawn.
Accumulation —> Manipulation —> Distribution
Don’t overcomplicate it.
Economic Calendar
Trending Sectors
Technology, Energy, and Financials 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 $$!
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