In this video, we discuss today’s snapback rally. We talk about the rally today and the levels we are watching. Do we get follow through or does this rally fail? We have earnings coming up and have to be careful of what happens next week. I go over a couple trade ideas and talk about pros and cons of committing too much capital in this market.
How can outsized moves in stocks effect futures traders? Easy, when it’s earnings season and with the release of the heavily weighted names in the indices and sectors.
How to understand and track the impact of earnings on your futures trades and find setups in the volatility.
There is a setup in RBLX, but please be aware of the resistance on the way up. Also NTNT (no trigger, no trade).
This is when you know it’s time to take the money and run.
Don’t fight this when you can just join in.
The answer may surprise you! And it can also give you a better idea of exhaustive moves versus moves that were not as panic-driven as they may have looked.
I share how to use two VWAPs to gauge a likelihood of strength or weakness on the daily which helps with directional bias for daytrades as well as corn, soybeans, bonds, gold, and silver.
If you are in our live trading room, you would’ve seen the timing for a high and resistance today around 10am Eastern on the ES. If you’re not, come join us for live price and timing analysis in the Fibonacci Room at Simpler Trading.
