It's A Setup
Midweek Market Update (Key Levels and Trade Idea's)
Where are We?
After the weakness on Friday, we kicked the week off with some green candles but since then we have stayed contained within that 659-651 range. On the daily candles below you can clearly see the range. When thinking about recent price action and the macro backdrop its easy to fall into a trap of having the right thesis on the market but just the wrong time frame. The time frame will depend on the setup in front of you and what is your actual goal. By goal I mean are you an active day or swing trader? Are you looking solely for medium to longer term investments?
Asking yourself that question will also determine where we are in the market. Below I’ll share the best short term setups I see heading into the rest of this week and gearing up for Q2. The short and long term trades I am seeing here are some of the best of the year in my view. Lets dive in!
