How to trade this market

All right, folks, let’s take a look at the s&p first and foremost Happy Valentine’s to all those out there. Closing today around 4400. At the time of this recording down about 11 points here we’ve seen a low of 4350 on the EES high of 4428. So closing somewhat in the middle a little bit all the upper range there markets showing signs of volatility with the Russian Ukraine news. Now what’s next on the E Mini s&p. So we had completed a nice little Head Shoulders top pattern here on the EAS for spy whatever market you’re trading, came back, came down and hit our targets to a tee right down here 40 to 50 and then rebounded sharply up to an area that we defined, that could be reactionary. Why is that reactionary? It’s basically a retest of the neckline as well as the newly established downtrend line. So we came up, we popped down a few days, we came back up again traded through it, had a failure here, and then came back low right now all this support here back in late January when the market really sold off. But then eventually held here around the 40 343 quarter area, which instantly also happened to be the 200 Day Support Market is coming back down and looking like it wants to come back down to this area again here that would come in around the 4335 to 4340 area. Now, as far as longer term bigger picture, we start taking all this support here at the 40 to 60. area, we have a ways to go which could take us down here to the 3980 3990 level, that would be a 50% retracement from the last swing high to this met last major swing low that we had all the way back in September and October of 2020. Now shorter term, there’s opportunities to play the s&p without getting caught up in some of these larger movements. This would be more of a portfolio management type scenario, looking at these levels, but I’m also using a tool on the lower timeframes all the way to the four hour, the one hour and even the 30, the 30 minute and even the 10 and five minute charts to trade to take advantage of some really nice intraday moves. If that’s something you’re interested in. I’m going to be doing a free presentation on Wednesday, February 16 at 7pm. Eastern called a ripple effect how to be first in line for huge market moves. I’ll show you exactly how I use this tool and this strategy, how it sets up each and every day across not only just the futures markets, but also equities, currencies ETFs and how you can use it for options. Registration is free. I’m gonna go ahead and link you to this page. And I can’t wait to see you there.

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