After 5 down days in a row, the market is starting to show a mean reversion bounce. The SPY setup has a predominantly bearish setup though. The daily chart has a bearish TrendOscillator Pro and HiLo sell signals (also on the weekly chart), with a daily squeeze firing short.
In this mid-week update, Sam Shames, VP of Options at Simpler Trading, will note big levels to watch on the market, which setups are on his radar, and a bigger-picture review of the market.
Sam Shames’ detailed report walks you through every market including indices, sectors, stocks, and commodities to give you a better idea of where the markets are going in the week ahead. Below is a preview of Sam’s analysis included in his This Week in the Markets report.
You’ll notice that Sam refers to his proprietary premium indicators, the TrendOscillator Pro (TrendOsc) and HiLo Pro. For more information on Sam’s true momentum indicators and how to apply them to your trading, visit the link here or reach out to our support staff at [email protected].