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Market Prep: Week of May 2, 2022

Hey Traderade Family! Apologies for posting this a little later than normal. We had an interesting day in the Horse House. Today was my youngest son's birthday, but we also had a death in the family. Needless to say, I'm a bit distracted at the moment...but as I sit down to write this post it dawned on me that the market is also a bit distracted at the moment too. We have a Fed Interest Rate decision coming up this Wednesday (May 4), and truthfully I don't expect a whole lot of craziness between now and then. So this post will cover what I'm looking at now but I think a new mid-week plan will probably be warranted later this week after the Fed decision.

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5 Comments


chucklehut
chucklehut
May 04, 2022

Missed the 4304 by a $1 today, so we'll see what tomorrow brings. What are the implications if that level breaks overnight? Bullish? Or look for a retest in the AM? Thanks!

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TraderBoog
May 02, 2022

I love that Bootsie setup. FWIW, TLT also has a chance for it this week.

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rk
May 02, 2022

Sorry for your loss horse.Take care

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Fernando Perez
Fernando Perez
May 02, 2022

I'm very sorry to hear that, Horse. My deepest condolences and I hope you guys are ok, given the circumstances. Thank you for taking the time to write this.

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Eugene Joly
Eugene Joly
May 02, 2022

sorry for your loss, horse

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