Time to see how the markets have been moving.
The Daily Direction
Note: Indexes closed higher yesterday on positive expectations for tomorrow’s inflation data release. Both the S&p 500 and NASDAQ managed to flip their short and medium-term directions back upward.
The Daily Nugget
Skillful trading is all about understanding and interpreting supply-demand dynamics.
Most people overcomplicate trading.
But ultimately, the only thing that moves a stock’s price is the interplay between supply and demand. It’s Economics 101.
Price action is just a way of visually seeing this interaction play out in real time.
Trading strategies all about projecting future supply and demand dynamics.
Keep it simple and don’t overcomplicate it.
That’s why Ross Givens keeps his strategies simple yet effective. You should do the same.
And if you haven’t got a hold of his flagship trading strategy yet…
All you have to do is click the link below to start using it for yourself.
The Traders Agency Team