In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we take a close look at the perfect consolidation in S&P 500.
Upon agreeing on a phase one trade deal between the US and China, we saw global equities take off to the upside. However, since Monday, prices consolidated in a very narrow range. This is price action which is now very interesting to us as traders because it gives us the high probability trading opportunity to buy this market if prices break above the all-time high at 3200. Also, if prices break lower below 3188 then we also have a great opportunity to sell.
Of course, this market is waiting for the next piece of news or the next fundamental driver. Either way, a decent opportunity in the S&P 500 is hopefully in the pipeline.
Perfect Consolidation in S&P 500 – Full Video Analysis
Take your trading to the next level with our TLTR Membership. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!