Four Markets on My Radar.
The ES, NQ, XLU, and XLP are nearing zones that would setup long positions.
The ES, NQ, XLU, and XLP are nearing zones that would setup long positions.
In tonight’s free video we’re looking at two symbols. One where I might look to fade the rally and resistance at $100, and one I’m already buying, and would like to buy more if we see any weakness.
There are a lot of opinions in the market right now. Most of what I read from traders into the close was rather bearish, and I can see those patterns, but all we need is a little bit of good news to shake them out. We’ll have to see. Let’s look at the ideas on a chart and what my plans are for Tuesday.
Patience to wait for entry zones can be tough but when considering the anemic volume we’ve seen, a post-holiday weekend entry is exactly what I have on my Radar.
Not an easy morning, mainly because a holiday-affected Friday is a tricky situation. Follow the process, manage risk with moderate to conservative entries, and smaller size.