- Ace in the Hole
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- Ace in the Hole - Edition #86
Happy Monday Traders!
I hope all of you had a great weekend. Last week was a crazy one in the markets and I think it brought a lot of opportunity going into this week.
$NQ_F ( 0.0% ) dipped over 4% from the all time highs and volatility got a nice spike, let’s dive into the potential plays for the week!
Market Thoughts
$NQ_F ( 0.0% ) Weekly Chart
There are many people wondering where this market is trying to dip to and when it will stop. This is why I bump up my timeframe.
On a weekly chart, both $NQ_F ( 0.0% ) and $ES_F ( 0.0% ) have a big weekly FVG that has never been traded into. This is an inefficiency that the market created and it will have to get retested at some point.
I think a great time is now after seeing what we saw last week. So essentially, I want to be short down to this area and then flip bullish when we tap into this FVG.
I do think bulls will hold us there on this dip and take us back to all time highs from there, but there is always the possibility that bears are stronger than I think and we run through this FVG.
If that happens, I will have to be more bearish after seeing that.
Economic Calendar
Earnings Calendar
Trending Sectors
Information Technology, Consumer Discretionary, and Industrials were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
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