If you’ve ever wondered what a “trend down” day is, you saw one today.
Generally speaking, a trend down day is one that is contained by the 20EMA on 5-minute chart for most of the day.
For more on this, check out today’s ‘Daily Update’ video below.
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.
For intraday updates please join the Lund Loop Discord.
Market Snapshot
Sectors: 11 out of 11 sectors were DOWN.
- Winner: Energy -0.31%
- Loser: Consumer Discretionary -3.34%
Daily Update Video & Watchlists
Charts of interest: MARA 0.00%↑ COIN 0.00%↑ MSFT 0.00%↑ PTON 0.00%↑ WYNN 0.00%↑
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.’
Check out this short video for a full explanation to use the Lund Loop watchlists to identify potential profit opportunities.
Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.