@eminibossman

Barron Nguyen's avatar

$11.9M follower assets

Growth Investor | Unofficial President of Dex Trade & Dex Hold with a rewind mindset.
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Barron Nguyen's avatar
$11.9m follower assets
Today's Trading Plan 7/1: $SPX
The timing was bad with yesterday's close down more than 8% for June, contributing to a 21% drop in the S&P in the first half of the year, its worst performance in more than 50 years, and the Nasdaq's 30% drop to its worst level. 20 years. Support levels today at 3770-3760 need to be held by bulls to recover to 3792-3815. Lost 3760 selling deep down to 3740-20.
Now 3782
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Barron Nguyen's avatar
$11.9m follower assets
Trading plan for today 6/30: $ SPX
PCE is a good data point today, however the market has not recovered. Today's core support levels 3770-3755 must hold if bulls want to recover to 3805-3840. Losing 3755 will see 3720-3700.
Now 3773
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$11.9m follower assets
Today's trading plan 6/29: $ SPX
In a worrisome sign of market fragility, the Conference Board's consumer confidence index dipped below 100 sent the market plunging yesterday. Remember that we are at the end of the month/quarter/half year so flows can be exaggerated and illogical. Today's highlight will be from Sintra Forum, where ECB & Fed Central Bankers will give us a policy sheet.
Today's core support levels 3815-3800 need to hold by bulls for a rebound to 3837-3850. Losing 3800 would see deep selling down to 3770-50.
Now 3824
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$11.9m follower assets
Today's trading plan 6/28: $ SPX
Yesterday was a quiet day in the stock sector after last Friday's fireworks. Today's core support levels 3900-3890 need to hold for the bulls to recover to 3930-3950. Losing 3890 will retest 3850-25.
Now 3919
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$11.9m follower assets
Trading plan for today 6/27: $ SPX
Over the next three days the ECB and Fed communicate their thoughts on the macro backdrop, particularly on inflation and the growth outlook for the rest of the year. Today's support levels 3913-3900 need to hold for the bulls to replay to 3940-3967. Losing 3900 would see deep selling down to 3880-50.
Now 3923
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$11.9m follower assets
Trading plan for today 6/24: $ SPX
The Michigan Consumer Sentiment Index will be closely watched today, the 3807-3780 support levels need to hold by bulls to play up to 3838-3851. Losing 3780 would see deep selling down to 3750-25.
Now 3826
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$11.9m follower assets
Today's Trading Plan 6/23 $ SPX
Basically unemployment reports and PMI will be much more important, neither side is really happy anywhere yet so the results will most likely go nowhere.
Core support levels today at 3770-3760 need to be held by bulls to play up to 3787-3800+. Losing 3760 would see a deep sell of 3730-3700.
Now 3776
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$11.9m follower assets
Trading plan for today 6/22: $ SPX
With futures work turning negative this morning, fear is back and VIX back above 30. Core support levels 3695-3675 bulls need to hold for a 3725-3745+ recovery. Losing 3675 would see deep selling to 3650-20.
Now 3706
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$11.9m follower assets
Trading plan for today 6/21: $ SPX
This week's full economic calendar with unemployment data and the very important Michigan sentiment index. This index is one of the key recession indicators with consumer sentiment data.
Support levels today at 3710-3695 need to be held by bulls to play up to 3745-3760. Losing 3695 will retest 3680-60.
Now 3733
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