{"id":407,"date":"2020-01-26T16:32:44","date_gmt":"2020-01-26T15:32:44","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=407"},"modified":"2020-01-26T16:32:44","modified_gmt":"2020-01-26T15:32:44","slug":"markets-take-a-little-break","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/markets-take-a-little-break-407\/","title":{"rendered":"Markets take a little break"},"content":{"rendered":"\n<p>But now! Friday&#8217;s candle is the first bigger red one since the breakout above $300. You can read below why I expect the<strong> markets take only a little break<\/strong>.<\/p>\n\n\n\n<h2>Happy correction!<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1013\" height=\"673\" src=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5.png\" alt=\"\" class=\"wp-image-408\" srcset=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5.png 1013w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5-300x199.png 300w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5-768x510.png 768w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5-166x110.png 166w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5-370x246.png 370w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-5-780x518.png 780w\" sizes=\"(max-width: 1013px) 100vw, 1013px\" \/><figcaption><em><strong>SPY<\/strong> (daily candles, source: thinkorswim)<\/em><\/figcaption><\/figure>\n\n\n\n<p>You could <a href=\"https:\/\/market-and-us.com\/blog\/how-long-will-the-high-quality-rubber-band-hold-395\/\">read in last week&#8217;s article<\/a> that I expected a test of the $325 level in the next weeks.<\/p>\n\n\n\n<p>Now there are<strong> two possible scenarios<\/strong>:<\/p>\n\n\n\n<ol><li>Monday and Tuesday <strong>green<\/strong> and therefore sideways with little ups and downs <strong>between $328 and $334<\/strong> for the rest of the week.<\/li><li><strong>Little correction<\/strong> with a test of the trend line and the support <strong>around $325 and $326<\/strong>. The next support levels would be $320 and $315\/316.<\/li><\/ol>\n\n\n\n<p>So, I will pay attention on Monday&#8217;s price action and if the market participants are more bullish or bearish. But I will still take long trades if I find good setups.<\/p>\n\n\n\n<h2>Bought and sold&#8230;<\/h2>\n\n\n\n<p>I bought <strong>YETI<\/strong> last week and added to my <strong>TGT<\/strong> position after the big gap down to participate the move upwards or being stopped out with just a little more loss if it will fall lower.<br>The position in <strong>DEA<\/strong> hit its first and second target on Monday and Thurday.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"803\" height=\"665\" src=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6.png\" alt=\"\" class=\"wp-image-410\" srcset=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6.png 803w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-300x248.png 300w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-768x636.png 768w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-86x70.png 86w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-133x110.png 133w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-302x250.png 302w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/01\/grafik-6-657x544.png 657w\" sizes=\"(max-width: 803px) 100vw, 803px\" \/><figcaption><em><strong>DEA<\/strong> (daily candles with entry\/stop\/targets, source: thinkorswim)<\/em><\/figcaption><\/figure>\n\n\n\n<h2>Such a short article about markets taking a little break?<\/h2>\n\n\n\n<p>Yes, I am sorry. But I couldn&#8217;t work on any trading tasks yesterday. But I thought it&#8217;s better to create a little article than no article. \ud83d\ude42<\/p>\n\n\n\n<p><em><strong>A wonderful and healthy week and let&#8217;s see what the stock market will do!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>But now! Friday&#8217;s candle is the first bigger red one since the breakout above $300. You can read below why I expect the markets take only a little break. Happy correction! You could read in last week&#8217;s article that I expected a test of the $325 level in the next weeks. Now there are two [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[109,103,60,9,101,34,108],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Markets take a little break - The Market and Us<\/title>\n<meta name=\"description\" content=\"The markets take a little break now. Friday was the first bigger green candle after the breakout above $300 in the SPY. 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