Will The Bears Deliver The Knockout? Prepare For The Upcoming Week With Mando Trading!

$SPY SPY Have lows been put in or is there more to go? Slow start to the week In terms of data, but a big finish with Jackson Hole starting Thursday and Powell on Friday. This event crushed the market last year. 

$QQQ QQQ We had a S/R flip last week as a previous bullish order block from July 3 was flipped bearish. That level was the exact high of QQQ for the week. Weekly swing low was taken out before finding support, this time in the form of a bullish volume imbalance from May...

$DXY DXYN The best indicator that not enough people know about... The dollar's next move will assist me in my decision making go forward on the indices. I can see a path for a bounce, but can also see DXY moving for the next swing high and that would drag $SPY lower. More info needed...

$AAPL AAPL Look at that bounce... Filled both bullish imbalances, the lower to the exact tick, before bouncing to close the week. Resistance level I am watching from 175.30-176.29. Liquidity resting at 177.51 and 170.06

$TSLA TSLA Disgusting chart... Bearish until I am shown otherwise, which would take a break above 225.26 swing high...

$GOOGL GOOGL Currently sitting at 50% of the range set from earnings... Like $TSLA, I'd want to see a move above 129.25 before even considering anything sustainable to the upside...

$AMZN AMZN A 79% retracement from the earnings run up a few weeks back... If there was a time to bounce, it would be now. Looking for a break of 134.06

$MRNA MRNA I've been seeing BILLIONS of dollars flow into $JNJ JNJ... Figured I'd keep an eye on this one, too. Seems like something is up...

$NVDA NVDA Fan favorite back on my list... Out of all the names I've charted, ironically, this name looks the best Liquidity resting at blue lines, but no substantial bearish imbalance until 452.70

$NFLX NFLX Rejected a premium bearish imbalance on the 30 min on Friday. Expecting downside to continue with a sweep of lows below 398.28 into support. Rally above resistance at 408.21 and I'd expect market structure to shift for a move higher.

$AMD AMD Took out swing low Friday and bounced to close the day. With that bounce, on the shorter price swing we've shifted market structure to the upside. Although this is a setup I typically like to trade, I am avoiding this one because there is no bullish imbalances created inside the .62-.79 range, making me less confident.

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This newsletter is a collection of my thoughts and is intended for educational purposes only. Nothing posted above is ever to be construed as financial advice.