Trends going into February
There’s a lot to like in the trends as the seasonally difficult month of January is now behind us.
There’s a lot to like in the trends as the seasonally difficult month of January is now behind us.
Stock indexes saw a decent rally on Thursday after a 2% decline on Wednesday. It leaves us at a unique juncture, but I’ve got a spread that I think will thrive here. At the very least it does offer us a key trade opportunity.
Volatility alive and well this week and markets are reminded that price can move in both directions. A blip on the radar or something bigger? Let’s see what the charts are telling us and some strategies to apply in some of my favorite names.
We had a setup for a bounce on the Daily overnight in the ES, and then we had timing and price for a pullback today. Our clients expected this pullback today in the ES based on timing and price resistance. Come join us in the Fibonacci Room at Simpler Trading for timing and price to help you manage your trades.
Today one of the members commented on our style and approach to daytrading, and today’s NQ was a great example. I walk through the details in this video.
The volatility and size of the corrections in Wednesday’s session were in cases two times normal price movement range. Today’s rebound doesn’t mean the opportunity is behind us…
In this video, we discuss the free fall across the board in the market today and what caused it. We look at levels and discuss the catalyst for the selling and where we are likely to go from here.