If you click on and then print out the two charts above you'll see the importance of cross confirming before you click 'buy' or 'sell'. While you may not have clarity on the 4000 Tick Chart, you will have it on on the 20,000 Tick Chart. And the smaller tick chart will give you a more precise view of what price is doing so you can execute closer to the top or bottom.
As always, everything you need to navigate the day is in the charts.
We spent the day in a squeeze Friday so we can expect a pop this coming week.
My sense is we will break to the upside. But it's no accident that the market appears as though it could go south for a day or more. We have a lot of pending market-moving 'news' out there that the market is waiting for. Will the Dollar continue it's rally? Will we have more bad news in real estate? The bond market is poised to implode.
The news will move the markets for sure. But we have the tools to navigate whatever it hands us.
WARNING: Fututres trading involves risk. You can lose all of your money and more. Consult with your financial advisor to determine if futures trading is suited for you.
Any and all illustrations posted are for educational purposes only. There are no recommendations to buy or sell on this blog. And past results are no guarantee of future performance.
Any and all illustrations posted are for educational purposes only. There are no recommendations to buy or sell on this blog. And past results are no guarantee of future performance.
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