Welcome to a brand-new trading week.
Both the S&P 500 and the Dow posted a weekly gain last week, while the Nasdaq and the Russell 2000 were down.
The big banks have just kicked off the third-quarter earnings season – so expect that to create lots of opportunities we can take advantage of.
The Daily Direction
Note: With all indexes closing lower last Friday, the short-term direction of the S&P 500 flipped back downward. A few key directions are at “borderline” levels, so expect to see frequent changes in the coming days.
The Daily Nugget
Price charts tell the story of the markets in visual form.
The market is nothing but buyers and sellers coming together to collectively determine the price of an asset.
Their interactions can be summed up visually in the form of price candlesticks.
They tell you which side “won” the battle and even show you how it ebbed and flowed throughout the day – all in a single candlestick.
Extend it out to days, weeks, and months – and you can see the story of the markets over time.
That’s why being able to interpret price action is so important.
If you don’t understand how to read charts, how to “see” the story of the markets at a glance – trading will always be more difficult than it has to be.
That’s why one of the biggest benefits of joining one of Ross’ programs is seeing how he interprets the price charts and uncovers opportunities most are blind to…
Because this is a skill that will benefit you for years and years to come.
For example, most traders have no idea where the market is headed next…
While Ross has already clearly outlined his position on where the market’s heading next – a position based on reading price charts…
And a position that has thus far been playing out exactly as he expected.
So, if you want to not only pick up this invaluable skill – but go after some fast profits along the way…
Then you’ll want to check out Ross’ flagship strategy by clicking here.
The Traders Agency Team