Daily Traders Edge

Breaking Down The Week Ahead

January 23
10:53 2023

Before the week gets rolling, it’s always helpful to get your bearings. Here, I do all the analysis for you in the video below. The past few weeks have led investors to believe the bull market is back based on all the positive momentum, but is that truly the case? Or have the bulls just been led out to pasture too soon?

There are quite a few levels on the S&P 500 that investors should be weary of coming up. You’ll see I’ve marked them out pretty clearly, and these are the levels you want to keep your eyes on for the week ahead.

Why? Well as you can see, these are levels that have been tested various times in the past and have produced some significant movement when they have been reached. The momentum of the last few weeks seemed to have run out just a bit at the end of last week, however, there are still no real clear signs of reversal.

What will the market do next? Check out the video below and see what you think will be the highest probability move coming up, and make sure you are prepared to catch it.

Trading can be difficult, but trading sector ETFs can slow things down a bit by eliminating the need to pick the right stock. Join me as I teach my strategies for breaking down the market by looking at which sectors are the hottest, and can provide the most opportunities to us as traders. With my Smart Trades options trading service, not only will you get all my trades, but you’ll also be a part of a growing community of like-minded traders looking to learn and hone their skills.

I look forward to trading with you, but until then, as always…

Good Luck!

Christian Tharp, CMT

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