Ash Bennington & Dave Floyd evaluate price action in the S&P 500, the U.S. 10 year Treasury note, and a variety of currency pairs.
- The market today is good for trading, but doesn’t offer many clues from a longer-term perspective.
- If we go above 3630 on the S&P, it looks as though we go higher, but it becomes more difficult to trade because we don’t have any reference points to work from.
- The relationship between price to volume can reveal “footprints” in various markets to identify inflection points.
- 10-year notes may be signaling a little weakness in the S&P; we may be due for a pause.
- With the volatility we have right now, it is important for traders to remain true to their setups and remember that sometimes the better trade is no trade
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