Sell Signals vs. Oversold

After 5 down days in a row, the market is starting to show a mean reversion bounce. The SPY setup has a predominantly bearish setup though. The daily chart has a bearish TrendOscillator Pro and HiLo sell signals (also on the weekly chart), with a daily squeeze firing short.

In this mid-week update, Sam Shames, VP of Options at Simpler Trading, will note big levels to watch on the market, which setups are on his radar, and a bigger-picture review of the market.

Sam Shames’ detailed report walks you through every market including indices, sectors, stocks, and commodities to give you a better idea of where the markets are going in the week ahead. Below is a preview of Sam’s analysis included in his This Week in the Markets report.

You’ll notice that Sam refers to his proprietary premium indicators, the TrendOscillator Pro (TrendOsc) and HiLo Pro. For more information on Sam’s true momentum indicators and how to apply them to your trading, visit the link here or reach out to our support staff at [email protected].

Cheers,

Sam

Up Next...

A Temporary Goodbye

I hope this message finds you well! I wanted to take a moment to share some personal news with you. As many of you know, I’m expecting, and it’s almost time for me to welcome a new addition to my family! As a result, I’ll be stepping away from my weekly market updates to go … Read more

Read More

Bitcoin to $80,000?

Hey traders! I’m spying a daily and weekly squeeze in Bitcoin, and it’s a stone’s throw away from breaking critical resistance at $70,000.  If it can break through $70,000, we should go upward to $80,000. Coinbase (COIN) is also breaking out! Learn more in the video below:

Read More

NFLX: Taking Profits (A Follow Up)

Hey traders! Last week, I posted a bullish Netflix (NFLX) setup at Five Star Trader. At this point, this trade is making targets, and I’m taking profits. What does that look like? Well, Netflix has hit just below my price target of $730. My put credit spread, and my butterfly has two days remaining. One could … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now
all-as-seen-on-logos