There was very good trading in the S&P e-Minis today. It was especially good for a day after a holiday.
Supply was evident in the overnight market, as well as off the US open. This allowed for an early short trade. Volume came in strongly to the downside, and a small congestion area resulted in a minor UpThrust and another short opportunity.
Volume characteristics changed after the market became oversold. A Spring setup initiated a trade to the long side. Wyckoff was alive and well today, as it is virtually every day in every market.
We’ll be explaining the supply/demand characteristics and many other aspects of the market’s primary language: price bars and volume in tomorrow’s webinar. This promises to be a great training experience for those interested in learning critical bar-by-bar analytical skills. We start tomorrow and have a second session on Saturday. Everything is recorded. We’ve priced this modestly for a two-session tutorial and you can save 50% by registering now. Come join us. The details and registration are located here: Two-Session Primary Language of the Market Training
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