Confirmation Day: Lund Loop Daily Update - 09/19/2022
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The ‘Daily Update’ includes a review of the day’s market action, updated charts, from the Saturday ‘Market Strategy’ video, and setups ready to trigger.
Check out this short video for a full explanation to use the Lund Loop watchlists to identify potential profit opportunities.
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After selling off hard last week, Apple ended up on the Green Watchlist courtesy of the potential reversal bar it printed on Friday.
I say “potential” because for a reversal to be valid we have to see a close above the bar’s high, which we did today.
What’s even better, is that Apple gave us a great risk/reward setup near the open, which was good for almost 10x by the close.
It’s the kind of setup that could pay for your Lund Loop subscription until 2096.
For a deeper dive into the setup and how I traded it, check out the Daily Update video below
Sectors: 9 out of 11 sectors were UP.
Winner: Materials +1.53%
Loser: Health Care -0.54%
Oil: $85.08 (+0.35%)
Gold: $1,683.60 (+0.01%)
U.S. 10-Year Treasury: 3.490 (+1.13%)
US Dollar Index: 109.617 (-0.02%)
Crypto: Bitcoin: $19,460.45 (+0.23%) Ethereum: $1,360.18 (+1.93%)
Daily Update Video & Watchlists
Note: The cash tags above are a new feature for Substack and the quotes still look a little wonky so refer to the prices in the ‘Daily Update.’
Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.