Inverse Trampoline Kicks In

The Hourly Inverse Trampoline setups I had been seeing this week and cautiously pointing out finally triggered Thursday. The markets dropped Friday and I think they should continue, possibly to the SPDR S&P 500 ETF Trust (SPY) daily 50-day simple moving average.

We never know how deep the pullback will be or how long it will last, but we should watch to see how individual names behave during this time to see if there are any relative strength candidates. See what I’m watching through the holiday-shortened week:

Traders need to be ready for when the stock market bounces their way. As this market keeps popping higher or lower, members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!

Your Profit Pilot, TG

SUBSCRIBE

Move from reacting to predicting market flow. Join TG’s “Profit Pilot” E-Letter to get actionable insights from his chart analysis so that you can finally catch trends on time.

We will never sell your information to any third parties.

Get actionable market insights!

Join TG's Profit Pilot newsletter to get his chart analysis and market flow predictions, so you can finally catch trends on time.

We will never sell your information to any third parties.