It was a very quiet summer week. My accounts didn’t swing big, but small profits every day are fine too.
It was right to remain bullish. One good trader I regularly talk to about the markets remained bearish, and he is having a hard time.
It’s likely I will abruptly reverse my longs to shorts in the weeks or months ahead, but let’s try to hit some targets first.
Discord Trading Community
Discord is now open.
Free members have access to the free members channel, while the other channels are reserved for community members. I’ll open a free account tomorrow and check exactly what free members can see. If you notice that you have access to anything you shouldn’t, please let me know.
It’s very easy for people to copy and paste my messages to Patreon, so the Patreon chats will remain live too, at least for now.
S&P 500 Market Analysis
No bullish continuation today shouldn’t change the overall bias. It’s hot in the West and many traders are on the beach, so lower trading activity during the summer is not surprising.
Next week, the odds of new all-time highs aren’t as high as they were this week, but the overall market structure still favors the bulls.
Key Stock Market Updates
$ZETA
The 3-day chart remains in a strong and fresh bull trend. This gives the first dip a 70–80% chance of being bought. The dip hasn’t even begun yet.
$CRWV
Unchanged: See the video. The $300 target remains in play, but if we get to $200 quickly, I’ll still take it.
$QCOM
Strong buying into the close compared with other stocks is a sign that traders are expecting higher prices next week.
$ORCL
Some selling today. Best case, this becomes a bear trap. Worst case, we get a range, but even then it will likely develop into a bull flag.
Trading Outlook
The broader market structure remains bullish, despite the quiet end to the week. Lower summer volume can create choppy, range-bound trading, but it does not automatically invalidate the underlying trend.
I’m continuing to monitor the S&P 500 and individual stock structures closely while managing the existing long positions.
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Follow the latest analysis on:
$SPY $SPX $ZETA $QCOM $CRWV $ORCL
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