In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we look at a technical trade opportunity in S&P 500. Overall, we have identified a very important level of resistance with some strong indecision in this market previously.
In the video, we explain the technical merits for a potential sell trade. These merits include a two day high, previous level of resistance, a doji candlestick and a 200 period moving average.
It is often worth considering a trade under these circumstances. Therefore, we have identified a high probability trade. In summary, this trade is below yesterday’s low of 2723 with a stop loss above the 200 period moving average around the 2745 level.
Technical Trade Opportunity in S&P 500 – Full Video Analysis
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