09/10/2024

Hey Trader,

Last week played out chef's kiss perfectly, and yes, we’ve got receipts. Tuesday gave us our first flush, then we saw a couple of Dojis, ending the week in the red.

Now, while I might sound like Vozstradamus — and let’s be real, I kind of am — let’s break down the Doji candles and why I knew we’d see a couple of them.

I know some of you are caught up in the "West Side Story" between technicals and fundamentals. Spoiler alert: I reference neither. I’m all about price and participation, so stick with me.

A candle might seem like technical mumbo jumbo, but it’s way deeper. This isn’t some moving average or wiggly line. It’s a mood ring for market participants, showing who’s calling the shots.

In my opinion, a Doji candle screams indecision. Flat open, then a tug of war between the bulls and the bears all day long. Kind of like traders debating whether rates matter more than a bull flag, LOL.

This whole standoff leaves us with an oddball candle — no body, just two big wicks. Translation: we went nowhere.

By the close, no one won. But our earlier call — the broadening top — hinted that momentum to the upside was running on fumes. Then, boom, Tuesday’s flush followed by a day of indecision.

If buyers were really feeling themselves, they’d be putting in more effort. But the lack of energy (and a whole lotta confusion) made me more bearish than ever.

This week, we’re in another Doji-ish situation after Friday’s flush. With a slew of pre-market catalysts — like tonight's debate, Wednesday’s CPI, and Thursday’s PPI — traders are frozen, waiting for the fireworks.

We’re about to see a massive pre-market gap that’s going to re-establish control. And based on my detective work… we’re headed for a sell-off.

Last week, Mark and I hosted a Masterclass to show exactly how we set up our charts, the best indicators we use, specifically what we look for when we day trade, and how we set up to trade the last hour of the day — a peek behind the curtain at how we do what we do everyday.

It was incredible… AND we recorded it. 

The class is for Trade to Close members only, but you can sign up for a FREE TRIAL right here and then watch the full replay in our education library. 

Always be closing,

Olivia Voz