Goooooooood morning Closers!
A quick update for you today - if you trade the indexes (SPY, QQQ, IWM) - then you HAVE to check out this update!
Here's my watchlist for Thursday, May 18.
Here's the chart from SPY that I broke down in the video above:
This is the most important chart of the day.
We're on the precipice of breaking out or finding further resistance in SPY.
In premarket we're finding resistance in the Value Area high - if that holds, my short term downside target for SPY is $413.91, which is right around the Point of Control for SPY.
BUT if we do have a candle close over this value area, SPY will establish that area as support - and could move higher.
I'll be looking for any pullback as a BUY there.
So there you have it - two ways to play one of my FAVORITE stocks to trade.
I'll be breaking down today's price action in SPY - and all sorts of other charts - today in Trade the Close at 3PM ET.
Today we'll be joined by the maestro of momentum, Garrett Baldwin!
Last week, Garrett gave my members a SWEET trade in the SQQQ - that we closed for 25% gains before the day was even done.
If you'd like to capture these kind of swift gains in less than an hour - not that his always happens, but it does when we have BOMBSHELLS...
Then join my Trade the Close room for less than $200 RIGHT NOWWWWWWWWW.
And remember...
Always. Be. Closing.
The post Voz's Thursday Watchlist appeared first on Pump Up the Close.