Sell Signals vs. Oversold

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].

Cheers,

Sam

Up Next...

Waiting on a Dip Buy in Microsoft (MSFT)

Hey traders! The Nasdaq is pulling back today, which, in my opinion, is a much-needed move. With the extended market, buying anything with an edge was nearly impossible. So, while pullback days aren’t as much fun as when the market is roaring (unless you’re short), I use them to identify opportunities. In this case, I’m … Read more

Read More

When a Ticker Makes Targets

Hey Traders! On Monday, I sent you a video about my short-term setup in Tesla, along with my $250 price target. You can check it out in the Tweet below… Since then, the squeezes I noted fired to the long side, and Tesla traded directly to my Fibonacci price target at the 1.272% extension level. … Read more

Read More

A Trade Setup in TSLA

Good morning, traders! The Nasdaq futures are choppy at 16,000 after making quite the run. So, what’s next? Looking for the next round of setups, of course! When tickers and indexes get sticky, squeezes will start to consolidate. Those squeezes generally occur on the lower time frames first. When those squeezes fire, they can either … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now
all-as-seen-on-logos