Today was a very slow trading day — but the market closed at its highs and is knocking at $2,900. I’m cautious here as the market is and has been extended, but at the same time, I have some great lower time frame setups in AVGO, ADBE, NOW, CRM, ETSY and MSFT. For now, I’m staying long but quick on my feet in case something changes.
I’m setting up these trades and keeping an eye on these weekly charts, as they will drive everything for April.
In this market, the key is to know the leading indicators and front line triggers.
Patience and longer term time frames are ideal for traders who aren’t “daytrading,” or who are trading part-time.
The morning setups for the index futures are different when one of these five things happen.
