This week gave a lot of people some relief, or at least a chance to get back to break even or into profit. I got pings all day Wednesday with people super excited to have been well positioned earlier in the week (and some the week before). I love to hear it! 🥳
Anddd, if you missed it, no no worries! I say that to you, but also to myself, because even though I had a strong week and was positioned well prior to Wednesday, I felt major ROMO (regret of missing out), because I’m still easing into larger position sizes.
I think about this all the time with trading…how easy it is to get pulled into these mental loops. You’re either frustrated because you lost money, or because things worked and now you’re thinking about how much more you could have made. I don’t know if that ever fully goes away. If you’ve been doing this longer than me, let me know if the agony ever ends. 😂🧐
Now, if you missed the initial pop, and we are continuing up, there will be another opportunity to get in and define your risk. After a strong move, there is usually some kind of digestion, and that is often where the next chance shows up. And if momentum stays strong, sometimes that digestion is brief. Some names will only give a small pause before continuing, while others may spend more time pulling back or basing through the week.
Continuation opportunities in the uptrend will look like:
quick pullbacks into the daily 5 or 10 EMA
a little sideways action while the moving averages catch up
or, on some names, a deeper pullback to a previous key level or the daily 20 EMA that still keeps the overall structure intact
From there, I’m looking at the intraday charts to find a level that supports the move and manage risk from it, especially on names that have already climbed and may need some sideways action or a pullback.
If you’re like me and enjoy catching breakouts, there are still a few names that have room. I started a position in HOOD last week (it’s currently in a flat base). PLTR has been a bit erratic, but it’s also sitting around a key area, and we saw buyers step in toward the end of the day on Friday. I have a position in AAPL, and while it’s moved off its 245 level, a break above 260 (I marked the range as 245–260 range) could open up more upside.
That’s really the main thing. Mark the level, define your invalidation, and go from there. No need to overthink it.
If you have questions or want to talk through any of it, come join me here in the community. You can post in there anytime, or meet me in one of my free virtual sessions. Right now the group is still free, and I do a morning market review every Monday at 9am EST.
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SPX Review and Outlook
On Tuesday, we pushed down into the shaded support area, which lines up with the November 21, 2025 pivot and the March 24 level, and that selling was absorbed.
From there, we saw a strong gap up on Wednesday, followed by continuation into the end of the week. That move built out the right side of the V and brought price back into the same range we had been stuck in earlier in the year.
Now we’re back at the lower end of that range, around the 6,800 area, after a very strong move higher.
SPX Daily Chart
Looking Ahead This Week
If this is the start of a strong uptrend, I’m expecting pullbacks to be relatively shallow, or a bit deeper but get absorbed quickly. So from here, I’m thinking in terms of how that digestion shows up.
Shallow Pullback / Continuation
A more bullish scenario would be shallow pullbacks or sideways action. That could look like:
holding around 6,800
dipping toward 6,730–6,750, around the gap area / near-term support
moving sideways to let the moving averages catch up
In that case, selling gets bought up quickly and price continues building higher.
Deeper Pullback, Still Digestion
We could also see a deeper pullback that still stays within the context of digestion. That could bring price toward:
6,700
the 6,600–6,650 area
At this point, I’m still treating that as digestion rather than a shift in direction, especially with how quickly selling has been absorbed. The key would be how price reacts there, whether buyers step in and we see follow through, or whether the reaction is weaker.
Continuation Higher
If momentum continues without much pullback, price could push toward 6,950–7,000. That would likely be an area where we see some pause, either in the form of sideways action or a pullback.
And for the Nah I Don’t Trust It Fam
Now, if this is not the start of an uptrend, this may not be obvious right away. The next pullback will give us more information. We want to see whether the selling gets bought up quickly (digestion, healthy pullback) or starts to look weaker (sellers gaining control).
It’s easy to get caught between feeling behind or feeling like you didn’t press enough, even when you did well. What matters more is staying anchored in your process, marking your levels, defining your risk, and letting the next opportunity come to you instead of forcing it. There is always another setup.
One trade at a time, one level at a time. That’s how this compounds. ✨
