Hello Everyone,
Quick Notes: Big follow thru day for the major indices today after yesterday's reversal candles. I said to Buckle Up on Tuesday as Wednesday was likely to be a pivotal day and today we saw such a move. The SPX has rallied back near its 50 day MA while the QQQ are testing their downtrend line off the Sept highs. Outstanding breath on today's session (best since June). The Bulls now have the ball and let's see what how far they can advance in the days ahead. Respect the trend until evidence changes.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
