Navigating a Very Unpredictable Market

Fellow Investor,

This is an amazing opportunity to sign up for FREE and be a part of this groundbreaking review of the market. While everyone else is trying to follow trends and talking heads on news channels, Anthony Esposito has created a methodology, and is following it strictly - enter - MOTR, Momentum Trend Model.

MOTR was born out of necessity. A way of reviewing the markets without the emotion or bias of policy, and focusing on price action, momentum and trend. Esposito’s steadfast commitment to his model has guided him successfully through the past two decades of market volatility. The past two months have been no exception, where others have fallen short, Esposito has been successful, and profitable. He has shared his daily charts and analysis on his X feed, but a deeper and more detailed view can be found in his daily note.

Take a look at his recent research:

Morning Technical Note, October 7, 2024

Market Summary: 
Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3)

The SPX Index was extremely volatile during the first hour of the cash session Friday with a peak-to-trough move of almost 1%. The Index hit an early session high of 5746 then reversed to a low of 5702, stabilized and worked higher to close at 5751.

On a positive note, the Index was able to hold the 5700 level and close above previously identified resistance at 5733 (Sep 19 high). On a negative note, the SPX Index remains below near-term resistance at 5760 with Spot VIX elevated and holding the 50dma (ref 18.58) with upward momentum. Additionally, VIX Term Structure remains biased towards “risk off” as slope is now positive, moving further from Contango and closer to Backwardation.

The ICAP Momentum/Trend (MOTR) Model Signal remains Negative (day 3). I continue to see risk as skewed to the downside and remain focused on near term support at 5686 and resistance at 5733 and 5760.

Daily Distribution Sign Up: https://islandcapitalinvestments.com/ 

Trade Support:

5686: Sep 19 Low
5615: Sep 18 Low
5600: Previous Support/Resistance

Trade Resistance:
5733: Sep 19 High
5760: Previous Resistance
5878: Projection Level

Charting:
S&P 500 Index (SPX) Daily Count:

Click here to get all of the latest analysis without the fluff and filler... for FREE. Esposito also co-hosts a weekly podcast giving an even deeper insight into Policy and Profits; its namesake. Listen here https://spoti.fi/3Mhcf8Y.