10/5 Markets Up Difficulty

Markets begin Trapping both Sides

Index

I. Forward

II. Reflection

III. Markets

IV. Analysis and Commentary

Forward

We got today’s market move right, lower into a retest of 421.95 as the target.

We were able to get some juice out of CVNA 0.00%↑ - CVNA and NFLX 0.00%↑ - NFLX; as well as call an end to the ABNB 0.00%↑ - ABNB ride down from 136 to 124.

Slower momentum just never picking up forced us to cut on NVDA 0.00%↑ - NVDA, that’s fine the set up was there but there not all going to play thru.

I have some interesting thoughts on where I think the market goes next from here, and we will need the end of day to set up into this.

Other than that it’s just wizness as usual ;), Congrats Tribe, markets have been on max difficulty, they aren’t getting any easier, but stick with the ole wiz, and I’ll make sure we get through this.

I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.

VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)

STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)

If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.

Reflection

Taoism is a philosophy that emphasizes living in harmony with the Tao, or the Way. The Tao is the natural order of the universe, and it is beyond human understanding. Taoists believe that the best way to live is to accept the Tao and to flow with it, rather than trying to control it.