In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe US Indices bounce back and identify trading opportunities based on this.
Equity Indices
Starting with the S&P 500, there has been three days of consolidation at the recent lows after a significant sell-off last week. The fears and anxieties now seem to be subsiding. We have seen a strong explosive move to the upside yesterday. Today, we are expecting continuation to the upside again. So, the important level to the upside is the 2815 high of yesterday’s Japanese candlestick.
The same can be said for the Dow Jones breaking above 25,820 and NASDAQ above 7336.
USDJPY
The other market that we have looked for a high probability trade is the USDJPY market. We have seen a strong pullback off the 114.53 highs to a very strong level of support around the 111.80 level. So, we are looking for a buy trade above yesterday’s high of approximately 112.32. There is clear potential for a strong move higher.
US Indices Bounce Back – Full Video Analysis
So, interested in learning how to consistently make money trading these financial markets and accessing over 76 LiveTradeRooms per month? You can now join us for as little as £9.99 per calendar month. It is a membership with no contract and you can cancel anytime. With such a low price point for professional trading mentorship, you have absolutely nothing to lose!
To make it easier for you, for a limited time, we will gladly give you a 14 Day Free Trial. You will get the opportunity to experience what we have to offer before paying the small membership fee. CLICK HERE TO GET STARTED.
