In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have taken a strong look at the technicals and the fundamentals behind a potential sell trade in S&P 500. Furthermore, we look at a possible rollover in US Equities.
Prior to Christmas, we have seen a strong bounce off the market’s 2340 lows. Since then, we have seen a strong bounce to a strong level of resistance to 2684.
Monday’s price action was very consolidative which is what we would like to see, but we wanted to see more confirmation before committing ourselves.
We now have these conditions, so it now looks like a higher probability opportunity to exploit.
Possible Rollover in US Equities – Full Video Analysis
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