{"id":14810,"date":"2017-07-26T08:32:27","date_gmt":"2017-07-26T13:32:27","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=14810"},"modified":"2017-07-26T08:32:27","modified_gmt":"2017-07-26T13:32:27","slug":"the-red-dogs-roadmap","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2017\/07\/26\/the-red-dogs-roadmap\/","title":{"rendered":"The Red Dog’s Roadmap"},"content":{"rendered":"

The\u00a0SPX\u00a0<\/strong>futures are up 2 ahead of the Fed this afternoon.<\/p>\n

It has been a methodical move since clearing the descending channel above 2430 to take out 2453 before making a new all-time high at 2481. Now we'll look to see if the active bulls stay in control with upper support at 2464 and yesterday's low at 2474.<\/p>\n

\"\"<\/p>\n

IWM\u00a0<\/strong>gave another calculated entry Monday after it reclaimed $142.25 and cleared $143.55 to hit a hgih of $144.25. It will need to hold $143.21 to keep active bulls happy and, if it can, extend another day towards a target of $145.<\/p>\n

\"\"<\/p>\n

XLE\u00a0<\/strong>is trying to stay relevant as some are long vs the $64.50 stop while others want to see if hold the 50day of $65.86.<\/p>\n

\"\"<\/p>\n

IBB\u00a0<\/strong>has its first bearish engulfing candle in a while and I did tweet that I sold around $329.50. After this move from $310, some digestion makes sense.<\/p>\n

\"\"<\/p>\n

Look for banks to be in play on fed day as\u00a0JPM\u00a0<\/strong>had a nice 2 day move. If it is able to hold the $92 area, I will be looking for it to make a move towards all-time highs in the days ahead.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0SPX\u00a0futures are up 2 ahead of the Fed this afternoon. It has been a methodical move since clearing the descending channel above 2430 to take out 2453 before making a new all-time high at 2481. Now we’ll look to see if the active bulls stay in control with upper support at 2464 and yesterday’s low at 2474. IWM\u00a0gave another calculated entry Monday after it reclaimed $142.25 and cleared $143.55 to hit a hgih of $144.25. It will need to hold $143.21 to keep active bulls happy and, if it can, extend another day towards a target of $145. XLE\u00a0is trying to stay relevant as some are long vs the $64.50 stop while others want to see if hold the 50day of $65.86. IBB\u00a0has its first bearish engulfing candle in a while and I did tweet that I sold around $329.50. After this move from $310, some digestion makes sense. Look for banks to be in play on fed day as\u00a0JPM\u00a0had a nice 2 day move. If it is able to hold the $92 area, I will be looking for it to make a move towards all-time highs in the days ahead.<\/p>\n","protected":false},"author":4,"featured_media":11247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[103,378,136,553,14,105,7,8,57],"class_list":["post-14810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-ibb","tag-iwm","tag-jpm","tag-red-dog","tag-scottredler","tag-spx","tag-stock-market","tag-stocks","tag-trading"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/14810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=14810"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/14810\/revisions"}],"predecessor-version":[{"id":14819,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/14810\/revisions\/14819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/11247"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=14810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=14810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=14810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}