The potential trade set up I outlined yesterday (for a trade today off the daily chart) never came to fruition because the market made a higher high and a higher low, which is furhter indication how strong this market really is. The gap from Friday’s close to Monday’s open hasn’t been attempted to be filled, which tells me how strong this market really is – so don’t attempt to fight this trend unless you get a significant price pattern that tells you otherwise. Be sure to watch the video where I explain what pattern I’m looking for to get short for a short term trade. Have a profitable day and I hope this video helps you in your own trading.
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
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