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.


About the Author Dave Gagne

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

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