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⚡ Trading what is in PLAY - taking advantage of sector rotations ⚡

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Thriving in choppy markets

Hope you had an awesome weekend.

For the last three weeks, we have been on a ROLL. 100% wins, no losses. As a pro trader, having a huge winning streak is not uncommon; however, when trading turbulent markets .... this is pretty outstanding!

For the last three weeks, we have been riding GOLD like bandits and we have identified money flowing in semiconductors and the tech sector - for those of you that trade stocks as well, I am sure you have seen the blast in $AMD $MSFT... etc... so this provided us with massive day trading opportunities into NASDAQ.

The key to turbulent markets is to wait until you find a juicy opportunity where you go in and place your trade. Trading more is not going to make you money when it comes to futures trading- think about all the commissions you will be paying - you are making your broker rich, and you are giving away the creme de la creme.

This week will be all about FOMC rate decisions and financials (BANKS), and we have to be VERY picky as the market will remain in choppy waters until then...

Here us my take and bias on /ES for the week (chart below)

The daily chart is still making higher lows since the October 2022 bottom, and as long as the 3800 area is defended, the price can still climb higher. If this week we take out 4010 odds /ES we will retest the March 6 pivot high at around the 4080 zone.
On a break of 3900, we can go immediately back down to the 3800 area.

Key weekly levels

Support: 3930 3800
Resistance: 4010, 4080, 4116, 4180
Bias: Bullish if over 4010
Moderate Bearish if under 3930
Bearish if under 3800

So here is my game plan for Monday - remember baby steps into FOMC. If the overnight action will be constructive and try to tap into the highs from Friday (4010) I will look for a trade within the first hour of trading to the upside.




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