Outlook for Next Week
Week of April 1st, 2024
Good afternoon folks,
The market had a mildly bullish week - ranging for the first half with slow action and then rallying sharply for the second half. We made new highs, although they were quickly beaten down.
High-Roller Room results:
Outlook for Next Week
I trade the S&P 500 index daily and use supply/demand levels as my main strategy. I focus on a handful of core setups within these levels (found here) which typically appear 1-3 times a day. I take one or two trades a day, targeting gains of 10-30 points. My objective is to maintain consistency and leverage it, rather than trying to get as many points as possible.
Here’s last week’s projection:
Here’s this week’s result:
We had some low volatility in the first half of the week as bulls and bears attempted to break out of the bull flag. We had some awkward structure, although bulls held the 5230 key level well and rallied.
The key level for next week is still 5230. Here’s my projection:
Continued breakout: As long as we hold 5230, we can continue rallying to 5275, 5300+.
Flash crash: If we fail to hold 5230, we’re headed for 5200, 5180.
That’s all for this week’s outlook. All of this will be updated and executed in real-time in The High-Roller Room (click here to get access).
- T
Disclaimer: Investing in stocks, bonds, futures, options, and other securities carries significant risks. Some or all capital may be lost. With leveraged instruments, losses may exceed initial capital. Past performance of a security does not guarantee future results. Any content from this newsletter should not be taken as financial or investment advice, but for informational and entertainment purposes only. This newsletter simply shares my personal opinions and notes. Consult with a registered financial/investment professional. This newsletter and its authors are not licensed financial/investment professionals. By reading and using this newsletter, as well as any other publications, you are agreeing to these terms.