- Ace in the Hole
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- Ace in the Hole - Edition #91
Happy Monday Traders!
I hope you all enjoyed the beautiful weekend! We have new trading week upon us, but I know the market has been interesting for many this past week.
Let’s dive in and get some ideas flowing.
Market Thoughts
$NQ_F ( 0.0% ) Daily Chart
As you can see, we’ve been stuck accumulating since late July and haven’t really gone anywhere. This has actually provided some great opportunities due to the range being on a bigger time frame.
It may look choppy, but when you zoom in there are plenty of beautiful moves that have happened, you just have to be aware of the higher timeframe context and make sure you are aligned with that.
Into this week, I would like to see an outsized move from this accumulation and show me clear manipulation of this area. Only then can I have confidence in which direction we are going to distribute next.
Economic Calendar
Earnings Calendar
Trending Sectors
Technology, Consumer Discretionary, and Healthcare were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
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