It’s 8:45, and we’re live — shoutout to Tim for being here before 8:30 and someone please bring coffee for the room.
We’ve got strong opens, macro volatility, and next week’s Fed meeting lurking, but today’s focus is on spotting and trading reversals.
Key Points:
Russell and S&P Surge Into Resistance
- Russell broke above 2,000 and S&P’s climbing near 5,670.
- Momentum’s strong early, but we’re watching for pullback and reversal signals.
Reversal Setups Are Front and Center Today
- Got a lot of notes in from you all about trades that reversed hard—we’ll dig into the why.
- Focus is on structure, not hope — and how to spot when a move is fading.
Commodities Perking Up
- Wheat and cotton pushing higher, dollar strength matters.
- Oil’s dipping, but Fed expectations could shake things up next week.
Quick GDP Commentary = Keynesianism, That’s It
- Someone asked why government activity’s in GDP — short answer: Keynesian logic.
- Every dollar counts… whether it’s earned or printed.
Big moves, bigger potential reversals — today’s not about chasing highs, it’s about catching shifts.
Let’s dig in and trade smart.
Until next time,
Garrett Baldwin
TheoTRADE