Hello Everyone,

Last week, we saw evening star patterns on the SPX/QQQ play out (Matt pointed out that potential last weekend).  The SPX/QQQ both retraced to their respective 50 day MAs on Friday and then bounced with long legged doji candles (hammer type candles) for the session. On Friday, ES found support near 6660 and managed to reclaim 6690 which set in motion a short squeeze (always happens after big spikes lower) and then some positive rumors on government shutdown added fuel to the rally late Friday.

The ongoing Federal Government Shutdown has certainly weighed on the market/economy with it being the longest shutdown ever.  Today, there is some stimulus talk from Trump (possible dividend) and some encouraging comments from Senate Leader Thune. Crypto names have moved up on Sunday in reaction. Continue to monitor such developments and market reaction.

Quick Note:  Some of the charts I will simply show for reference but not spend time discussing to keep the overall newsletter within time parameters and please examine trading community for additional information.

Administrative Note:  I will traveling to our friends wedding in Nashville from Wednesday to Sunday.

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.