Trading is slow and methodical. Selling at res has worked BUT if you do not take profits the market has found a bid – the selling dries up and we end up higher. That has been the montra as of late. The lack of euphoria tells me higher prices are here to come. The IWM retook the 157 area. 157.5 Is the prior high with 159.5 is the pivot high. The XLF held the 26.28 level. GS back above 200.. earnings will be the tell with this group. Overall, the market is a rock and a test of the prior high and targets above are likely as well as targets above in the NQ.
stephenbalsam 1 Minute
Published by stephenbalsam
I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk! View all posts by stephenbalsam