Intra-Day Action – 25 January 2016

Today’s action on the S&P 500 was very narrow with lighter than average volume. If you know what to look for; the internals and candles will offer you the “clues” you need to make higher probability trades.

 

Personally I was stopped out in the morning after the breakdown failure and a new high on the TICK at 11:50 which signaled the Bulls had some legs at that point. I did manage to squeeze out a nice profit with the 3:05pm breakdown which had better volume behind it. The TICK and TRIN was also supportive at this time making the trade higher odds.

Hindsight is 20/20 but looking back and marking up the charts will help you develop the skills and gain experience for similar patterns in the future.

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About the Author Dave Gagne

Founder of MarketInsidersClub.com. President and CEO Dynamic Wealth Financial Inc. Author of Trading Master Plan Subscribe to the MarketInsidersClub Youtube Page here

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