Outlook for Next Week + *Announcement*
Outlook for Next Week + *Announcement*
Week of May 27th, 2024
Good afternoon folks,
Volatility came flooding back into the market this week (finally), with clean 30+ point moves on both sides. Plenty of opportunity this week, even if you missed most of the setups.
Announcement: I’ll be moving the newsletter and all posts to a new free discord. All subscriptions are temporarily paused, current subscribers still have access to all archives and educational content. I’ll be sending the link soon!
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:
This week’s result:
The week started off choppy, as expected - then bulls got the lead. They got a little too ahead of themselves without enough structural support, which forced a brutal pullback. This pullback recovered relatively quickly on Friday, ending the week with a bullish tone. We were able to hold the key level (5300) after a brief dump, setting bulls up well for next week.
The key level for next week is once again 5300. Here’s my projection:
Rally: If we hold 5300, we’ll rally to 5340, 5375.
Dump: If we fail to hold 5300, we can see 5265 and 5220.
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.