The purpose of the Week Ahead post is to prepare you for the upcoming week in the markets. I do this not only to help others learn and develop trading skills but also to develop and cultivate my personal thoughts for the Week Ahead. Below you will find a written commentary portion followed by a Video Analysis the stock market and the set ups I am watching this upcoming week. This post is organized into sections, see bold titles and skip the items in which you are not interested in! Enjoy!
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I am going to try something a little different this week, instead of typing a lot. I am going to let the charts do a lot of the talking.
Last week we thought we could see some consolidation above the 21 day, this failed and now we are left with a choppy, lethargic tape. We are not oversold and there has been no capitulation bottom (yet). This leaves me in a place in which I am a little flat footed (and flat overall). The patterns need some time to develop for me to start swing trading again.
Below is my Week Ahead video and below that are MANY charts and set Ups in which I thought it would be helpful to highlight. Have a great rest of the weekend!