Hello everyone. Sometimes S&P is more comfortable for charting setups, compared to Nasdaq.
On the daily chart of S&P, it just retest the flip level & mid-term moving average. Technically, it was a perfect retest and the momentum to the upside should be strong.
On the daily chart of Nasdaq, the flip and mid-term moving average is way down compared to S&P. So, if you trade on daily, better wait or you have to jump into the small timeframes which might be more volatile.
So, what's the point?
I think it couldn't be emphasized more on checking all key stock indices and set alerts on key levels. Now, I got over 50 underlying across a spectrum of assets to check, hence it's easily to miss some fantastic opportunities.
What are you going to do if you miss a good entry? Forget about it and move on to the next one. There are always good ones in the market for you to spot. Be patient!
Give me a like if you're with me!
On the daily chart of S&P, it just retest the flip level & mid-term moving average. Technically, it was a perfect retest and the momentum to the upside should be strong.
On the daily chart of Nasdaq, the flip and mid-term moving average is way down compared to S&P. So, if you trade on daily, better wait or you have to jump into the small timeframes which might be more volatile.
So, what's the point?
I think it couldn't be emphasized more on checking all key stock indices and set alerts on key levels. Now, I got over 50 underlying across a spectrum of assets to check, hence it's easily to miss some fantastic opportunities.
What are you going to do if you miss a good entry? Forget about it and move on to the next one. There are always good ones in the market for you to spot. Be patient!
Give me a like if you're with me!
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Further up!
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Nice. Price took out the new high. Momentum is strong to the upside.
plan your trade and trade your plan
