Trying to Trade the Madness
In this video, we discuss the S&P 500 and look at levels of support and resistance. We look for clues as to where we may trade in the short term and also what events may be driving us.
In this video, we discuss the S&P 500 and look at levels of support and resistance. We look for clues as to where we may trade in the short term and also what events may be driving us.
Using time, volatility, and classic overreaction, I explain the short sell on the crude oil inventories release and a setup I look for each week.
Today’s first come/first serve trade in crude is discussed, as well as the open trades in currencies and metals.
There are setups on both sides of the market for Twitter. Be aware of support if you are bearish and resistance if you are bullish.
It may not seem like the daily chart could help trading a 1-minute chart, but it can, it’s important, and here’s how to do it.
I recap our daytrades, being selective on our trades, and a review of our open swing trades.
There is a nice cluster of support on the daily that has triggered on a 15 minute chart.