Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
The S&P 500 (ES) futures market had a big win yesterday, gaining almost 2% to fend off the bears at the June lows. However, the daily time frame remains in a down channel, and we are still looking for selling ideas. If we see the current bounce continue towards the top of the channel, that’s …
The post Time to Sell the Rip in ES? appeared first on Josh Daily Direction.
Regular readers know that one of the main technical analysis tools we use to track the market is the Fibonacci extension. Our research shows that markets often interact with these levels over time, so we always try to take them into account when making decisions on direction. Well, this week, the Russell 2000 (RTY) futures …
The post Russell 2000 Hits Key Fibonacci Level appeared first on Josh Daily Direction.
Last week’s 4.7% decline in the Nasdaq 100 (NQ) futures market brought the index right back down to its June lows. The market is clearly still stuck in a down trend, but this is an area where support could be found. And if we do see a rally in the NQ from here, we’ll be …
The post How We Plan to Sell an NQ Rally appeared first on Josh Daily Direction.
The BTC futures (BTC) market saw a nice pop earlier this month, gaining over 18% in just two days. However, all of those gains have now been erased, and BTC is back at its lows of the year. This fits with our analysis, as we continue to expect the market to sell off. However, when …
The post BTC on the Verge of a Breakdown? appeared first on Josh Daily Direction.
Yesterday, the Federal Reserve raised its target rate range by another 0.75%… This was the third rate hike of this magnitude this year, and it looks like rates will continue to rise until inflation is under control. This tightening of monetary policy is hitting the markets hard again this week, and that’s keeping the S&P …
The post Looking for Lower Prices in ES appeared first on Josh Daily Direction.
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
The Bull Case for Crude Oil
Following an incredible run higher at the start of the year, the crude oil (CL) futures market is down hard over the last few months. And after breaking below its longer term up trend line this month, the market is right back to where it started the year. However, the market is still testing support …
The post The Bull Case for Crude Oil appeared first on Josh Daily Direction.