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Morning Market Prep (July 18):
Markets are up on strong U.S. retail sales & jobless claims, with the S&P 500 & Nasdaq at record closes. Tech, especially semiconductors, leading gains. Watch for potential volatility ahead of the Japan election.
July 15th recap: U.S. stocks declined after a higher-than-expected inflation report dampened rate cut hopes. S&P 500 -0.4%, Dow -1%. Nasdaq +0.2% (record high) on Nvidia's +4% jump after resumed AI chip licensing. Inflation rose to 2.7% (
Morning Market Prep for July 15: Futures are up as earnings season begins & CPI data is due. Nvidia's strong AI chip sales to China lifts tech. Stay nimble & watch for market reactions to economic data.
US stocks near record highs amid speculation Pres. Trump may retract proposed tariffs. S&P 500 & Dow dipped slightly, showing cautious optimism. Markets sensitive to the Aug 1 tariff deadline, but analysts suspect threats are a negotiation tactic & anticipate de-escalation.
Not all RSI <30 signals mean 'buy'.
In strong downtrends, RSI <30 can just mean more downside.
Backtested edges only appear when RSI aligns with broader trend context.
Test this idea:
- Short strength on day 2 of a parabolic move
- Only if volume triples vs average
- And only on small caps
Backtests show these die faster than they rise.
Reversal setups have better odds:
- After multiple down days
- On above-average volume
- With prior support in sight
Not just the candle - the context of the candle.
@jtrader Relatable and real.
Most damage happens in that split-second reaction.
Awareness of your trigger is the first step to breaking the cycle.
Pause, breathe and reassess before clicking anything.
@AtifHussainOG Absolutely.
Youβll never trade like a pro if you still think like an amateur.
Belief drives behavior and behavior drives results.
Start acting in alignment with the trader you want to be.
@jtrader Brutal honesty right here.
Most traders lose more protecting their ego than their capital.
Detach your identity from the outcome.
You're not your trades β you're your discipline.
@tradermike1234 Exactly.
Every candle reveals intent if you know what to look for.
Wicks, closes and context tell the real story.
Slow down and read the chart like a book, not a signal.
@AtifHussainOG Deadly combo when used right.
Liquidity sweep gives the trap, FVG gives the entry.
Wait for both to align and strike with precision.
Backtest it and build confidence in the setup.