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Strong, but not Bulletproof

Markets are still trending higher, but the first real test of short-term support is now underway.

Trading Adventures is a price-focused market analysis newsletter helping traders understand trend, structure, and key levels across the market.

Each week I break down charts across major indices, sectors, and individual names to provide clear technical context.


Show Notes:

  • Market remains in a strong uptrend, but conditions are extended

  • First test of the rising 5-day moving average since April 7

  • Light volume persists across April — notable but not a signal

  • SPY up ~13 sessions off the lows → stretched above short-term averages

  • Gap between price and 21-day MA suggests potential for time or price correction

  • Short-term focus:

    • 5-day MA = immediate trend reference

    • Shorter timeframes = better risk management

  • Key levels:

    • SPY potential pullback zone ~695

    • Watch for consolidation into prior structure

  • Sector notes:

    • Semiconductors remain strong (leadership intact)

    • Energy firming with oil strength

    • Software showing indecision near resistance

    • Financials stalling at 200-day MA

  • Individual focus:

    • Tesla earnings → binary event risk

  • Tactical approach:

    • Don’t chase extended price

    • Respect trailing stops

    • Let pullbacks create opportunity

  • Bottom line:

    • Trend intact

    • Conditions less forgiving

    • Focus on structure and risk


The Process Behind the Work

  • Price > opinion

  • Trend > prediction

  • Risk first

If you like how I think here, this is where that thinking is applied every day.


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