Here's my quick take on SPX500, looking at it, looks super weak. I don't see much signs of the bulls taking over. Simple analysis, but even though it may not look like a whole lot, you dont NEED alot!
Through my years of trading I always want to look at things in a way where I can take 3-5seconds and decide whether I want to trade. Don't underestimate the power of price, and years of experiece. Though I may not always be right (no one is), I do think that having your own edge is a key factor in trading, and for me that happens to be my eye to spot key areas in the market. I do this everyday and try to do it in a way where I go back into the countless hours backtesting, to understand candles and its analysis.
Thanks for checking this idea out, just thought I give a little idea of how I trade in my eyes.
CHEERS!
Through my years of trading I always want to look at things in a way where I can take 3-5seconds and decide whether I want to trade. Don't underestimate the power of price, and years of experiece. Though I may not always be right (no one is), I do think that having your own edge is a key factor in trading, and for me that happens to be my eye to spot key areas in the market. I do this everyday and try to do it in a way where I go back into the countless hours backtesting, to understand candles and its analysis.
Thanks for checking this idea out, just thought I give a little idea of how I trade in my eyes.
CHEERS!