Friday, February 10, 2023

A great week at DTI, and more to go next week!

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Hey folks,

It's been a great week at DTI and there is more to go next week!

Click here to watch a short video I just made to finish up the week.

REMINDER: We'll kick off next week with the TBUZ Sunday Planning session on Monday morning at 9:15am Eastern instead of the usual Sunday night session.

We will open up the session to everyone!

Now, take a look at the chart below of the S&P futures and you will see the key trading levels I'm looking at right now.

4274 - projected target for first quarter
4049 - close below = new leg lower
4011 - target if we break below 4049
3814 - new low for the year

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Remember back to the start of the year and what I've said many times over during my live sessions up to this point.

I believe the S&P has maybe around a 10% rise to start the year. That would be the 4274 number seen above.

We saw the S&P come close, now the question is will the selloff continue and intensify or is this just a pullback on the way to 4274?

We'll know by watching the numbers, and here they are once again:

4049 - the low from the First Three Days of February
4011 - the midpoint for the year so far
3814 - the low for the year

If we see a close below 4049 then expect further selling and then if we see the big number 3814 come into play again then we know the bears are taking control again.

Stay tuned in next week. On deck is CPI on Tuesday morning and PPI on Thursday morning.

Plus don't forget everyone is invited to the Planning Session on Monday morning at 9:15am Eastern.

Folks, here's a quick summary of Trading with DTI in 2023.

January
18 for 23
78% Accuracy

February
19 for 22
86% Accuracy

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Have a great weekend and I'll see everyone Monday morning to plan the week at 9:15am Eastern. Everyone is invited.

As I always say, I'll see you on the flip side!

Tom

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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