Is The "Dip" Over & 4 Trade Ideas | Stock Market Analysis

In the Mid-Week Market Update show, we do an in depth stock market analysis and show you 4 trade ideas headed into the end of the week of April 21st 2021.

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The S&P has now experienced a small pullback and has eased the tension of "when will the market dip?" This is good for market sentiment and some structure has been tested and repaired. Now the question becomes is the dip over? Based on todays action, short term sellers should be out of the market place. If they aren't, they are only guaranteed buyers as price potentially moves even higher. We will also note that the sellers that appeared firmly in control on Monday, did not transact with any serious volume in comparison to todays action.

There is no major sector risk as many are poised to remain neutral to bullish even amidst a healthy pullback. Nothing has changed in the VIX, still remaining below the 20.5 area and although the correlation between tech and the 10 year rate is mostly broken, it is coming back down towards that 1.5% mark.

The QQQ has pulled back as well and is just reproaching the top of the range. It looks too like the path of least resistance is sideways to up after putting in a full bullish engulfing bar.

IWM also printed a bullish engulfer, however it is only in the middle of its range and has overhead resistance from the 50 SMA.

We also look at 4 trade ideas in CLX, IRBT, JNJ, LLY.

If you're a day trader looking to make fast money online this stock market analysis has you covered! Keep these areas of support and resistance in mind, as well as any technical patterns, before taking on the rest of the day trading week.

Going into the trading day with a plan is important and will give your trading the edge you need to be a successful retail day trader. This S&P500 analysis will give you that edge.

Instead of looking at stock market news and googling 'stocks to trade today' or best options to buy today, every Monday morning, technical analysis makes our job a lot easier. A quick glance at the stock chart can tell us where to expect buying and selling battles.

$SPY $QQQ $IWM — These are the three market index funds that are always on our trading watchlist. Some people call them hot stock picks but we like to call them our ATM.

DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.

Видео Is The "Dip" Over & 4 Trade Ideas | Stock Market Analysis канала Trade Brigade