In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have identified a couple of trades which have given us a good opportunity to monitor closely. In particular, we discuss the double bottom in the US Indices.
Both of the trades that we have identified are technical trades. For those of you familiar with trade formations, you will know that double bottoms and double tops can become really strong signals. This is what we are seeing today in the S&P 500 and Dow Jones. Both of these markets have taken a beating over the last couple of months but have recently given us a decent high probability buying opportunity.
So, if we see a break above yesterday’s high both in the S&P 500 and Dow Jones, then it would represent a strong high probability trade to the upside.
Double Bottom in the US Indices – Full Video Analysis
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