Core Insights - The S&P 500 experienced significant volatility last week, with both bullish and bearish sentiments impacting market movements [1] Group 1: Market Analysis - The article discusses the fluctuating nature of the S&P 500, indicating that both sides of the market had opportunities and setbacks [1] - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] Group 2: Research and Tools - The 'Daily Edge' is a resource produced by Andrew McElroy, providing actionable ideas and important levels in the S&P 500, as well as insights into commodities, stocks, crypto, and forex [1] - The system developed by Andrew over 15 years aims to deliver a consistent edge in trading, focusing on higher timeframes and comprehensive market analysis [1]

Trading Foundations - Trading involves creating rules and strategies to filter market data and generate profit over time [6] - Success in trading is not about being right, but about managing risk and reward, with win rates as low as 36% being profitable [7] - Traders analyze market data to identify areas where price is likely to change direction, aiming to make 5x the risked amount [7][8] - Key tools for day trading include Trading View for charting and analysis, brokers like Blowfin or Bybit for crypto, Topstep for stocks/futures, and a trade journal for data input [13][14] Technical Analysis - Identifying trends using trend lines helps determine potential areas for price reversals [27][28] - Fibonacci retracements (236%, 382%, 50%, 618%, and 786%) are used to find key levels for potential price reactions [31][32] - Fair Value Gaps, identified by gaps between candle wicks, indicate high-impact zones for potential entries [37][38] - Trend-based Fibonacci extensions, combined with five-wave patterns, can help predict the tops of trends [41][43] Trading Psychology and Risk Management - Trading success relies heavily on mindset, understanding that being wrong on a trade doesn't make it bad [45][47] - Risk management involves setting stop-losses and calculating position sizes to maintain a fixed risk factor, such as risking $100 per trade [51][52] - Even with a low winning percentage (e g 30%), profitability is possible by allowing profits to run and maintaining a good risk-reward ratio (e g 36%R average win) [59][60] Strategy Building and Testing - Building a trading plan involves observing patterns, creating a rule book with entry criteria, and testing in a simulated environment [67][68] - Backtesting using bar replay mode on Trading View and a trade journal helps quantify the strategy's winning percentage and average win/loss [70][71] - Paper trading on an exchange with demo funds allows for real-time execution in a simulated environment before risking actual capital [78][79]

There’s is no way for me to be bullish on this market looking at the sfps on XRP, SOL & ETH weekly charts. It reminds me of the sfp that Ltc had in 2021 and when I couple this with BTC trading back below its 2024 ATH. I don’t see a bull case. I see an end of momentum and price drooping over. A large 10 month distribution that is coming to an end. There is no fresh narrative. MSTR topped in 2024 November. It’s trading below the 200dma for the first time since 2023 and acting as resistance. ETHBTC has already ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Company Overview - The company was established as a spin-off from MetLife in 2017 and is now recognized as a significant player in the annuity and life insurance sector [1] Analyst Profile - Chad Shoop, a Chartered Market Technician (CMT) since 2016, has developed three premium investment services focused on options trading [2] - Over the past decade, Chad has been a prominent presenter at Banyan Hill's annual Total Wealth Symposium, where he shares insights on income opportunities and his investment services [2] - Chad utilizes technical analysis across the stock market to identify profitable investment opportunities and make reliable market predictions [2] - He holds two bachelor's degrees in economics and finance from the University of North Carolina at Greensboro [2] - Chad emphasizes the importance of extensive research, back testing, and beta testing in helping others grow their wealth and become financially knowledgeable [2]

Core Insights - Salesforce (CRM) shares rose in premarket trading following a better-than-expected long-term sales outlook, with projected revenue exceeding $60 billion by 2030 and annual growth above 10% from 2026 to 2030, driven by its Agentforce software [2][8][14] - The stock experienced a 4.8% increase to $248, despite a nearly 30% decline in value this year due to concerns over competition in AI software affecting Agentforce adoption [3][8] Technical Analysis - Salesforce shares have been trading within a descending broadening formation since mid-May, with the 50-day moving average exerting selling pressure on rallies [4][5] - A potential breakout from this formation could occur if shares open around the 50-day moving average, with critical overhead levels to watch at $270 and $290, and support levels at $230 and $212 [8][11] Price Levels - A volume-backed breakout above the upper trendline of the descending broadening formation could lead to a price move towards $270, which aligns with the 61.8% Fibonacci retracement level [9][10] - If the stock resumes a downtrend, the $230 level is crucial for potential buying interest, with a failure to hold this level opening the possibility for a retest of $212 [11]

Source: TradingView.com Key Takeaways Salesforce shares rose in premarket trading Thursday after the software maker issued a better-than-expected long-term sales outlook. The stock looks set to open around the 50-day MA after the company's upbeat revenue outlook, potentially setting the stage for a breakout from a descending broadening formation. Investors should watch critical overhead areas on the Salesforce chart around $270 and $290, while also monitoring support levels near $230 and $212. Sal ...

💡 CRYPTO 101: Technical analysis works, until the big guys decide it doesn’t.Still, it pays to know your candles, trends, and volume.What’s your go-to TA indicator? https://t.co/52sIteWOk5 ...

Automation & Efficiency - Technical analysis can be automated using the CoinGecko API in Python [1] - Automation aims to improve accuracy and reduce time consumption in technical analysis [1] Application - The CoinGecko API facilitates data-driven crypto trades [1]

Core Insights - Walmart shares reached an all-time high, driven by a partnership with OpenAI to enhance the shopping experience through AI technology [2][6] - The stock has increased by 21% year-to-date, outperforming the broader market due to strong e-commerce sales amid economic uncertainty [3] Stock Performance - Walmart shares rose nearly 2% to over $109, leading the Dow Jones Industrial Average for the second consecutive day [3] - The stock's breakout from a symmetrical triangle pattern indicates potential for further price increases [4][6] Technical Analysis - A bullish near-term price target of $113 has been projected using the measured move technique, which adds $10 to the breakout point of $103 [7] - Key support levels to monitor include $105, $100, and $96, which may provide buying opportunities during potential retracements [8][9]