We start the week with SPY finally under that key 50 day moving average that we have been monitoring closely. This development puts us in a slightly bearish trading mode, as the market now looks to test the old highs in the $229-230 range.
How do we trade around the new market development?
By focusing on market plays rather than stock specific setups. At the top of the list this week are SPXU, SPXL, UVXY, SOXL, SOXS and FAZ.
In today's video, I show you what to look for to potentially trade the market both long and short. We discuss key market remount levels that get us going long, key continuation breakdown and bounce levels, along with a primer on ETF trading with leverage.
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