Why Is The Market Leading 3.6 Million New Trading Accounts To Slaughter?
Don’t get sucked into what the noobs are doing here.
Don’t get sucked into what the noobs are doing here.
Initial Balance (IB) breaches often will shed light on what an index will do after the morning session. The morning session ends at 11:30 AM ET and then we see what we want to setup and what kind of trends may organize into the second half the day. Case in point: How I traded the YM after its IB breach.
How did we setup the NQ and YM today and why? And what are the targets for the open trades?
Let’s take a look at the level SPY seems to be focused on as well as a couple of food and video trades from the afternoon session.
Let’s take a look at the things driving the market — tech, volatility, and bonds. Can the Nasdaq make a new high and can SPX break 3000? Let’s dive in.
Sure the equity markets are continuing higher, but they are not the only uptrends to take advantage of.
Soybeans, copper, gold, bonds, cattle, the peso, the Canadian dollar, and more.