โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Catch Drew and the other Verified Pro Traders every weekday in the Apex Live Day Trading Room:
Welcome back to Trading The Close! Todayโs session is a fascinating study in market psychology. We are seeing a continued push higher following yesterday’s “save,” but there is a major red flag: The volume is absent.
โ ๏ธ The “Ghost Rally” Warning. Price action is moving up, but the “Big Money” (institutions) isn’t behind the wheel. Instead, we are seeing smaller investors buying the dip. This creates a fragile environment. The SPX Thesis: We are currently riding an inclining trendline. Ifโand whenโthis level breaks without institutional support, the result will be a dramatic, fast flush. The Pivot: Unless we see a push to new all-time highs on significant volume, we must heed caution and maintain a defensive posture.
๐ Bitcoinโs Month-Long Breakout. The wait is finally over for the crypto bulls. Bitcoin ($BTC) has officially broken out of its month-long consolidation zone, surging nearly 8% on the day. This is a massive “risk-on” signal that is rippling through other names like Coinbase ($COIN) and AppLovin ($APP). We map out the next major resistance levels for the crypto king and Ethereum.
๐ฏ High-Probability Setup: Dominion Energy ($D)If you’re looking for a surgical entry, look no further than Dominion Energy. The chart has just retraced to a breakout trendline. The Strategy: This is a high-probability “retest and bounce” setup. Because the retrace is so clean, it allows for a very tight stop loss, providing an excellent risk-to-reward ratio.๐ Educational Spotlight: MRNA Parallel Analysis, Weโre going deep on Moderna ($MRNA) today. Iโll show you how to use parallel channel analysis to identify “hidden” support and resistance zones that standard trendlines might miss. Plus, weโll check in on the mega-cap moves in Tesla ($TSLA) and Amazon ($AMZN).
๐ฏ Tickers and Markets Covered Today: Indices & Yields, Tech & Momentum, Commodities & Crypto, SPX, NDX, SMH, TSLA, AMZN, AVGO, Bitcoin (+8% Breakout!), IWM (Small Caps), COIN, APP, Gold & Silver, 10-Year Yield, D, MRNA, JPM, US Oil & Natural Gas.
Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading stocks, options, and commodities involves substantial risk. Always conduct your own research and consult with a professional financial advisor.
Drew will break down the charts and lateโday market action with the same institutionalโgrade precision heโs known for. Heโll walk you through key levels, highโprobability setups, and the macro forces shaping the close across stocks, commodities, and crypto.
This show cuts through the noiseโno narratives, no hype, just real analysis you can use as the market heads into the bell. If you want sharp insights and actionable endโofโday trading guidance, you wonโt want to miss it.
#DrewDosek #VerifiedInvesting #TradingTheClose #MarketAnalysis #AVGO #SPX
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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