Updates for Thursday March 2, 2023

Click here for Signal Trades spreadsheet.

Updates 12:15 AM ET- Thursday 3/2/23

Key S/R levels
The support levels have been updated in the table below.

​Explanation of Indicators
Background info on $VIX, $VVIX, ES, NQ RTY

​As you can see, the indicators are mixed right now, but they are tilting bullish.  One important observation for the bulls.   

• $VIX has been dropping since Feb 22.
• ES NQ RTY have been dropping since Feb 22. 

This is a bullish divergence for stocks.   At some point soon, ES NQ RTY will wake up and say "hey no one is panicking".   And that is when the market will pivot back to the bullish trend.

​Projections

• Multi-month:  bullish.  ES NQ RTY are likely to be at R3 or higher.
• Multi-day:  bearish.  

Our personal trade plan
Same basic plan to scale into TQQQ and TNA when NQ and RTY retest S1.  We've updated the buy orders in the spreadsheet. 

While we wait for this bullish setup, we are going to try to offer you intraday trade setups for quick trades.  These may be bearish or bullish, depending on the day.   

Note that we can't guarantee that we will trade the quick intraday trades due to our very busy schedule. But we are showing them in details in the spreadsheet.   Use them as food for thought. 
​
Click here for Signal Trades spreadsheet.

​Questions?
For new members who may not be familiar with the information we post in this blog, please check the glossary for more information.  You can also email us with questions directly.   

Disclaimer
The information presented here is our own personal opinion. Consider it as food for thought.  We are not offering financial advice.  We are not promoting any financial products.  We are not registered financial advisers or licensed brokers.  We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our trades.