In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we can see that the markets are in a risk-off phase once again. This, therefore, can give us a few good opportunities.
The first high probability opportunity is in the S&P 500. We have seen this market begin to sell off once more, seeing a 60 point move in yesterday’s trading. We expect this market to continue lower from here so a trade below 2871 is the level we will be focusing on.
The other market which is being really supported by the fundamentals is the Gold market. Yesterday, we saw this market bounce off the significant 1520. As a result, a break above this level would give us a high probability trade higher in this market.
Markets in Risk-Off Phase Once Again – Full Video Analysis
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