S&P

26 Jul

July 26 Friday in this video I wanted to show that the market did go to the area where we would find buyers and that would have made around an 80 or 90 point trade on the ES. I believe a lot of Traders would have a hard time taking a trade at the trade location I was looking for because it felt very bearish. want to get into these markets before they move too far in your direction so you don't give too much profit. the market moved below what I would call the last higher low....which is where the buyers found a reversal pattern and drove the market to a new high. in this example the market traded below that last higher low which could be considered a bearish move... and even if you don't know what that description means there will be traders that will be bearish on the market.... but there will also be Traders who will let the market move lower to fill in a gap or a region that's a support resistance area and they will go along. and even if they didn't think exactly like that there will be shorts who will take their profit when it moves to that level just to take profit and nothing else.... which is why these trade locations work. but the bigger picture is after the market found its support and moved about 80 points higher I believe I can't remember the exact number, there is a good chance on Sunday or Monday that there may be selling on this Market and it may be significant enough to expand lower and reveal an even larger correction lower than the initial correction which I think was around 200 points if I remember correctly. my point is there's a paradox in a way that Traders can get wrapped up and victimized by the market because these Traders may not understand that markets find reversals where most Traders not only miss the reversal but they don't even see it as a viable option because they're thinking is too out of sync with the way smart money moves. I gave a point of view that favors the market going lower. if I'm not in the market but I'm looking for sellers in the evening when the markets open on Sunday.