Okay so I passed on a breakout today and I want to tell you why. Everything about it looked right. Price broke over the level I had marked, it lined up perfectly with the 40-period moving average, and if you'd shown me that chart cold I would have said take it. I said out loud that it was high risk instead. About ten minutes later it dumped, and the whole thing failed. I wasn't being clever. There was one specific thing about that setup that made me nervous, and once I explain it you're going to see it everywhere, on every chart, on whatever timeframe you trade. It's the difference between catching a move and paying for one that already happened. So we were flagging on SPY, which just means price ran and then went sideways in a tight little range while everybody caught their breath, which is textbook continuation

I was going through the QQQ this afternoon and I found something I had not even noticed. There are two gaps sitting on that chart right now. One above us and one below us, and neither one has been filled. Which matters this week specifically, because we have three scheduled events that can move this market hard enough to fill either one. PMI tomorrow morning, ADP on Wednesday before the bell, and the employment report Friday. And the 10-year just broke out completely. Rates are running and the market is not down anywhere near as much as it should be. Something has to give there. Below I will show you both gaps and the exact levels, plus how to find these on any chart you own. Because once you can spot a gap, you know where price is going to travel to before it starts moving. Not the direction, but

Okay so Nvidia put up blowout earnings and the stock is giving it all back. I do not like this. I do not like it at all. We gapped up on the print, and then it did not take out the local high. Not even close. We gave up the gains from open to close yesterday and now we are sitting here trying to fill that gap. I love to see a leader like Nvidia make a new track on a number like that. And it has absolutely not. Same story with the QQQ's, by the way. We have been consolidating since May, you guys. SPY at least broke out of something and the QQQ is off in its own little world doing nothing. I couldn’t work out what was underneath both of them until Mark threw something at me. Then I pulled it up myself and it's unbelievable. It’s