After a start to the Trading Week with 0 News to move markets.. Things are slow. There is also a mixed bowl for Market Sentiment (slightly upside biased temporarily) that is feeding into upmoves. HOWEVER this upside movement is NOT strong enough to break early resistance very quickly hence where we find ourselves. So let's look ahead. Trade Small Trade Safe.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for US500 . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.