Do We Get Some Action?

Weekly Letter 9.10.23

Hello everyone! It feels good to be back on the normal newsletter schedule. Although last week, there’s not much to further discuss. It was more of a choppy boring week as I said last week “I’m not a fan of trading during short weeks”… Hope everyone still ended out on top!

Considering it was a choppy week, it makes the plan easy, because it hasn’t changed! My pivot for NQ is 15360-15380 as I discussed last week. After we broke below, we fell 150+ points, I then said I’ll be looking for 15140… Low was 15157! So close! This pivot then became resistance on Friday.

Keep it f’n simple am I right??

Going forward I have to keep the same pivot with NQ - 15360 to 15380. Over pivot, I’ll be looking for 15440, 15520, 15680. If my pivot continues to be rejected, I’ll be looking for 15240, 15140, 15000.

NQ - 2hr Chart

For ES my pivot is 4478 targeting 4500, 4524 if we break over and 4412 if we continue to reject.

AMD Has been coiling up for some time now, clearly a bullish setup. Stay patient and wait for a clean breakout to come!

AMD - Daily Chart

ETSY has been dropping nonstop. Now sitting at $67, I will become bullish near $55-$58.

F I am still bullish on from 3 weeks ago!

JPM I want to see this zone here hold, provides a solid R/R for bulls!

JPM - Daily Chart

All charts shared by me are from Trendspider use this link HERE if you’d like to look into their charting software! Occasionally I will share charts from Thinkorswim.

- KR

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Disclaimer:
This is my personal analysis and is not to be taken as trading advice. I am not a professional nor am I licensed with anything associated with the Stockmarket. Trading involves risk and you will lose money. Everyone has a different risk tolerance, portfolio size, and style of trading. It is important to trade within your comfort.