Finance Unfiltered
Finance Unfiltered

Finance Unfiltered

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Bobby Iaccino, Jim Iuorio, and Mike Arnold combined over 90 years of active trading experience In stocks, commodities and options. Real trades described by real traders. Look us up on your own, and ask questions..

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Joined on 11th March 2025

Finance Unfiltered
Apr 08, 2025Public Post
Since everything in the markets are trading off the latest tariff headline we will continue to have a lot of volatility which is why I need to depend on technical analysis to help me determine the probabilities associated with the next move. The price action yesterday was consistent with a short term capitulation bottom. We just retested the highs from yesterday and could not sustain a move above them. The key pullback area is between 5068 and 5009 for the S&P June futures. I will be watching for support between those areas, however if we close below 5k again then the probabilities shift to potentially retest Monday's lows. - Mike
Since everything in the markets are trading off the latest tariff headline we will continue to have a lot of volatility which is why I need to depend on technical analysis to help me determine the probabilities associated with the next move. The price action yesterday was consistent with a short term capitulation bottom. We just retested the highs from yesterday and could not sustain a move above them. The key pullback area is between 5068 and 5009 for the S&P June futures. I will be watching for support between those areas, however if we close below 5k again then the probabilities shift to potentially retest Monday's lows. - Mike
Finance Unfiltered
Apr 06, 2025Public Post
10 Year Micro Yield futures approaching 1st target which is generally a stop reduction area for me and at this point has formed a potential double bottom. If the double bottom triggers will be watching for a more significant bounce off first target area. Double bottom might not trigger or may be invalidated before triggering. I would not be front running a pattern like this since it might be a bounce play only and may only tigger if we get a short term capitulation bottom in the stock futures. If the micro yield futures push below 3.823 then the potential double bottom is off the table. - Mike
10 Year Micro Yield futures approaching 1st target which is generally a stop reduction area for me and at this point has formed a potential double bottom. If the double bottom triggers will be watching for a more significant bounce off first target area. Double bottom might not trigger or may be invalidated before triggering. I would not be front running a pattern like this since it might be a bounce play only and may only tigger if we get a short term capitulation bottom in the stock futures. If the micro yield futures push below 3.823 then the potential double bottom is off the table. - Mike