Technically we’re going to look at 5 setups in tonight’s video, but there’s some real trading magic to be had when you consider a top down approach that starts with an index, moves into a sector, and finally ends with an individual stock to trade.
Something I had not considered until reminded of the Pit Bull low having an opportunity to show itself today and tomorrow. Let’s look at that.
In this video, we review today’s market action and talk about the chart patterns. We have had a major move off the lows from only 2 weeks ago and the overall market sentiment has turned decidedly Bullish. I can see the reasons for the Bullishness, but I am not sure we don’t pull back in the short term. We go over levels and try to determine which way we might go and when.
We made the bullish ES/ SPX target but has the market found its seller yet? I’ll go through what I am watching to help make that very determination.
