Hello Everyone,
Quick Note: New recovery highs today on the SPX/QQQ but some divergences are now appearing. With that being said, the BULLS still have the ball. Should this rally extend, targets overhead are the 200 day MA, supply gap and trendline. Back in August, the SPX reversed from its 200 day MA/trendline. Trail up stops and have some hedges handy this week.
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 4-6 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number (very few in volatile market). Lastly, it's best to wait at times for valid setups to form - sometimes less is more. Big moves tend to occur first and last hour and overnight sessions.
Please take a moment to look at the trade ideas.
