LQD – Chart of the Week for May 24, 2024

by | May 24, 2024

Chart of the week this week is LQD.

Quick sponsored message: My Gold Rush Alerts are getting rave reviews. The strategy has the potential to trigger every single Wednesday afternoon — and close out the following Monday. Click here to check it out.

This Week’s Chart

LQD has a Market Roadmap (MRM)* bounce setup in place.

The conservative entry is on a daily close above $108.60.

The target is $112.50.

The setup breaks down on a move below $103.19 (a.k.a. set your stop loss there).

Good Luck and let me know if you take this setup!

The Chart

You can go check out my chart marked up with notes (entries, targets, etc) right here: https://www.tradingview.com/x/wn5zXnfF/

More Free Trade Ideas

I give out free trade ideas like this all the time on my daily morning show “Morning Monster“, as well as my “30 Minutes of Awesome” show Tuesdays at 5pm Eastern.

To get notified every time I go live with those shows, click here to subscribe to my YouTube channel.

Hope to see you there.

— Jeffry Turnmire


PS>*The RoadMap Line or RML is based on my Market Roadmap indicator. Market Roadmap is my custom-built TradingView indicator that helps me spot many of the trades I post, including this one. If you’d like to grab Market Roadmap for yourself — and get access to some of my private Discord channels, too  — just click here to pick it up for $5!

In my Discord channels, I give out EVEN MORE free trade ideas — so think about it: Between my free YouTube content, the Discord channels and the Market Roadmap indicator, you could have more trades than you can handle every single week!

What to read next