Despite a double beat, SoFi Technologies (SOFI) was unable to push through declining resistance.
CBOE Market Volatility Index (VIX) giving up a lot of its gains from the past three days. A break back below support could signal a dead-cat bounce for equities underway.
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Two developments in Rivian Automotive (RIVN) today: 1) Broke its rising trend-line off of the April lows 2) Testing price level support at $15.50
Financial Sector (XLF) breached support on Friday, but a solid gap higher today. I wouldn’t feel comfortable about playing the bounce until I can see whether it is able to sustain this bounce into the close
Welcome to Swing Trading the Stock Market Podcast!
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Trading what you see and not what you think is one of Ryan's popular trading expressions that he has lived by in his 30 years of trading experience. In this podcast episode Ryan explains why it is so important to not think your way through the market but to be a trader who sees what to trade and reacts accordingly. If you are struggling as a trader, it may very well be that you aren't seeing but thinking your way through your swing trades.
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