What's going on, Bulls on Wall Street community? It was another wild week in the markets, capped by a massive sell-off on Friday. This volatility isn't new, but each big move brings fresh opportunities—if you’re prepared.
Here's what you need to know heading into Monday:
The Current Market Situation:
The market is doing exactly what it's supposed to do technically, yet the speed and severity of these moves can still catch you off guard. The QQQ and SPY are testing key support levels at their March lows, and we're right on the edge of either another breakdown or a potential bounce. This isn't a time for opinions—it's a time for disciplined execution.
What We're Watching:
- Amazon (AMZN): Solid bear flag setup; watch for a breakdown under support.
- UPST & Affirm (AFRM): Both forming clear bear flags, prime for shorts if the market continues downward.
- AMD & Microsoft (MSFT): Both are offering attractive short setups with defined risk.
- Tesla (TSLA): Breaking key levels, with potential significant downside if market weakness continues.
Trading Strategy for Monday:
- If we gap down significantly, look for a potential short-term bounce (mean reversion trades).
- If the market opens flat or slightly green, anticipate potential fades and breakdowns.
This is a day trader’s market—focus on short hold times and high-liquidity stocks. Manage your risk carefully, trade smaller positions to accommodate volatility, and stay nimble.
The Bottom Line:
Markets like these separate disciplined traders from gamblers. Stick to your setups, stay flexible, and keep your watchlist tight and focused.
Want help navigating this volatility with hands-on guidance and professional mentorship? Check out our proven, live 60-Day Trading Bootcamp:
Here are some articles im reading this weekend!
