$SPY Not Bullish till we break
When analyzing price action gets difficult this usually means that there's going to be a big move coming up soon. What market makers like to do is create uncertainty in Traders Heads and then move the market to their desirable position after we get burned out. Therefore we are to take more risk managed positions and WAIT till we find a clear market direction.
Price action shows that the buying pressure is slowing down and we are either expecting a pullback OR a Reversal.
The overall goal here is to trade with the direction of the trend as it sets you up for a good. Always remember to MARK UP your CHARTS so you know what levels to watch intra day for daytrades
Being prepared for a challenge is like sharpening a sword before battle. Just as a sword must be sharpened to be effective in combat, one must prepare and equip themselves with the necessary skills and knowledge to face a challenge successfully. Without proper preparation, one may be ill-equipped and vulnerable to the obstacles they encounter, just as a dull sword may not be able to withstand the rigors of battle.
Do your homework, mark up your charts before the market opens and review your daily trading rules
LETS GET IT!
Price action shows that the buying pressure is slowing down and we are either expecting a pullback OR a Reversal.
The overall goal here is to trade with the direction of the trend as it sets you up for a good. Always remember to MARK UP your CHARTS so you know what levels to watch intra day for daytrades
Being prepared for a challenge is like sharpening a sword before battle. Just as a sword must be sharpened to be effective in combat, one must prepare and equip themselves with the necessary skills and knowledge to face a challenge successfully. Without proper preparation, one may be ill-equipped and vulnerable to the obstacles they encounter, just as a dull sword may not be able to withstand the rigors of battle.
Do your homework, mark up your charts before the market opens and review your daily trading rules
LETS GET IT!
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