Editor’s Note: Don’t Miss the Tax Savings Summit!

🚨 When: Wednesday, March 19th, 2:00pm – 3:00pm (ET)

🚨 Where: Monument Traders LIVE! Chatroom (RSVP Here)

🚨 Hosted By: Karim Rahemtulla & Prime Corporate Services

Tax season is here, and this FREE event is packed with strategies to help traders save on capital gains taxes! Here’s what you’ll learn:

• How the 2018 Tax Cuts and Jobs Act allows traders to write off expenses
• The 3 legal ways to trade and their tax implications
• What a “Trader’s LLC” is and how it could cut your tax bill
• And much more!

Plus, Prime Corporate Services will be sharing exclusive gifts to help you maximize your tax savings this year.

Don’t miss out – join us for this special training event!

– Ryan Fitzwater, Publisher

The markets are showing some interesting behavior as we approach FOMC and OPEX week.

After breaking above that major 61.8% retracement level on SPY that we talked about last week (and hitting our low within 25 cents – not bad!), we’ve now closed above the channel.

This gives us some breathing room, but I’m expecting choppy action ahead.

What’s Next for SPY and QQQ?

We’re seeing exactly what I predicted – choppy, volatile price action heading into the Fed meeting.

With Powell speaking tomorrow and OPEX this week, markets are struggling to find direction. The S&P is fighting to stay out of correction territory after a brief recovery rally, and we’re seeing some of the high-flyers like Tesla getting hit particularly hard.

What we’re experiencing is a classic case of market indecision – we’ve had what Mohamed El-Erian called “the fifth fastest correction since World War II,” with a growth scare followed by some nasty technicals.

Now everyone’s waiting to see if the Fed can thread the needle tomorrow.

I’m still looking for a potential retest of that big point of control or the top of our trend line.

If we get that pullback, I’ll be a buyer either before or after Powell speaks, depending on how things unfold. Should we continue higher, I see room up to about 575, but chopping around above established support would make perfect sense too.

The QQQs are showing a similar pattern with a slightly wider range, but as long as they stay above that chunk of volume, we have opportunity to continue this bounce once we get through this volatility.

Why CAH Looks Compelling Now

(Click to enlarge)

While the broader market struggles, I’ve spotted a beautiful setup in CAH that’s worth your attention:

• Daily squeeze in progress
• Strong trend established
• Beautiful flag pattern forming
• Earnings catalyst coming on May 1st

What makes this particularly attractive is the point of control sitting around $127.50. I’m not interested in chasing it at current levels, but with this market weakness, we might just get the pullback I’m looking for.

The Setup

Here’s what I’m watching:

• Looking to get long on a pullback to the $127.50-$128 area
• Alert set for when price crosses under $128
• If it just breaks out without pulling back, that’s fine – we’ll let it go
• I want to be positioned for a move higher into earnings

When selecting options, I’m thinking ahead to earnings on May 1st. Looking at the May options, the spreads are terrible – $3.20 wide? No thank you!

Instead, I’m going with the June 20th $130 calls. Yes, they’ll cost more, but there’s a method to my madness:

1. I’m not messing with short-dated options on a swing trade
2. This market is too unpredictable to try being cute with daily charts
3. The extra time acts as insurance – the option won’t decay nearly as quickly
4. If the move happens quickly, great! We didn’t hurt ourselves by going further out

For my full take, click the image below and watch my video.

YOUR ACTION PLAN

This kind of TPS setup in CAH – with a squeeze, trend, and pattern all aligning – is exactly what I look for when markets get choppy. These setups can deliver even when the broader market is struggling.

The beauty of trading pullbacks to key technical levels like this point of control is that you’ve got a clear risk level. If it bounces, great. If it breaks, you know exactly where to exit.

In markets like these, I’m not betting on direction – I’m betting on specific technical setups with clear entries, exits, and targets. That’s what CAH is giving us right here.

And if you’re looking for high-probability setups like this one but with even faster results, definitely check out my Opening Bell Aftershocks strategy.

It’s all about catching explosive moves that happen just minutes after the market opens. In fact, I’ve caught moves of 100-300% in just a few minutes.

Click here to learn how to start trading Opening Bell Aftershocks today.

TESTIMONIAL TUESDAY

“200% in one day on GOOGL puts, in at 1.10 and out 3.25.” – GlenSTL

“4.65, 15.3% overnight in VXX, GOOD WIN BRYAN.” – PaulM54-20

“Closed @4.15 for 33.27% win in a little over a month. Thanks Karim!” – dave1st1ret