As I crawled through the charts getting ready for the week, I noticed a repeating pattern. Not a repeating pattern on one single chart, but on many different tickers. It is showing what is both an opportunity and a trap. After all, the bait in a trap has to be tempting. I laid it all out in my KeyPoint Market update for today that went to my subscribers. Take a look at what I spotted, where the opportunity lies and what it is telling us. Its in this video.

Be mindful of trying to reach into the trap and grab the bait. It is the second mouse that gets the cheese.

I am going to be updating my subscribers through the week with daily updates. There will be a lot of actionable info in the quick posts that can save you and boost your trades. If we keep seeing this push higher in key stocks and repeated sell offs at proven resistance levels, the churn is going to be a meat grinder. I am going to try to keep everyone from getting slaughtered. Sign up here to make sure you don’t miss an update.

Thanks,

Joe