Thank You
Over the past week I shared several posts about Alphatrends and the opportunity to join Brian Shannon and me inside the community.
I appreciate everyone who took the time to read, watch the videos, and consider it.
A sincere thank you to those who decided to join us. I’m looking forward to working with you inside the service.
For everyone else here, thank you as always for being part of this Trading Adventure and following my work. I will be focused on an Alphatrends subscriber Q&A session the rest of today. So one quick look at the roadmap is included below, and you’re next complete Market Update will be posted tomorrow. Then, regular market notes and charts will continue as usual.
And if you ever decide you’d like to take a deeper look at the Alphatrends service, you can learn more any time at:
Thanks again.
Andy
The Roadmap
Zooming out to the 130-minute timeframe helps smooth some of the noise from the past several trading sessions.
SPY has reclaimed a flat 5-day moving average and is attempting to build a higher high. If that occurs, the next thing to watch will be whether price can follow with a higher low to begin rebuilding short-term structure.
QQQ is probing the year-to-date anchored VWAP, which makes this area particularly notable. Like SPY, the early step would be a higher high followed by a higher low, though that structure is not confirmed yet.
IWM and DIA, which had been leadership groups earlier this year, still have more work to do. Both remain below more steeply declining 5-day moving averages, and their year-to-date anchors remain overhead, meaning they still need to play some catch-up.
Progress, but no material change in market structure yet.
For now, the market is attempting to stabilize after last week’s volatility. Whether that develops into something more constructive will depend on whether these early structural improvements can hold.
If you like how I think here, this is where that thinking is applied every day.
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