Charts Updated: 10-04-2021
These are updated charts from the ‘Market Strategy’ video that goes out first thing Saturday morning as well as new charts of interest that pop up during the week.
Comments are attached to each individual chart (click image to view).
Charts fall into four categories:
Active setups - Watch for entry.
Potential setups - Not ready yet but could be soon.
Follow-ups - Previously triggered setups.
General - Charts of general market interest
For intraday updates please join the Lund Loop Discord.
The market feels like it is overdue for a “relief rally,” which means buying stocks on weakness at logical technical levels in anticipation of a reversal.
The problem with that strategy is that if the overall market doesn’t cooperate – and so far, it hasn’t - then individual stocks won’t bounce off those technical levels and just continue lower.
Remember, you don’t have to trade, so unless you are a very nimble day trader, best to continue to step aside and wait for things to settle down.
(click any chart to embiggen)