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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (83852)	1/31/2024 11:23:09 AM
From: Sun Tzu	3 Recommendations Recommended By ajtj99 catou1 The Ox Read Replies (1) \| Respond to of 96690

Today will decide the fate of the market for a good swing trade. Not only we had GOOG, AMD, and MSFT last night, we heard about QRA mix and the treasury in the morning (that's what caused the drop), and we'll hear from the Fed at 2:30 plus AMZN and APPL after the close. And just to boot, the JPM collars are rolling over today with SPX pinned ~4900 and failing that at 4850. So one way or another, by tomorrow's open you should know how to position. My favorite method is to enter near inflection points. These are by definition points of maximum ambiguity. Then one of two things will happen: either we bounce or the trend continues. Either way you will know your answers quickly and if you are quick, you can more than make up for your loss by switching sides. Most people are not comfortable with this because at the decision point there are some whipsaw moves. If you look at the 30s chart of NQ around 8:30 this morning, you will see exactly what I mean. Anyways, my 300+ down target was hit and I have covered everything. For tonight I expect AMZN to do better and AAPL to do worse.