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2022-10-23

: Futures Trading

Oct 17 Futures Trading

Overall Condition １）Nasdaq Nasdaq101722 on Oct 17 The Nasdaq 30 min chart shows it is bullish. It is above both moving averages. Find the support and enter the market on the flip. ２）Crude Oil Crude oil is bearish on 30 min chart. You could go short when it rallies back to the resistance areas, such as moving averages, VWAP+2sigma, or Fib 50%+. ３）Gold The gold market is slightly bearish and looks choppy. You can go short or long. Since it is choppy, Fib retracement won't work. Look for the retracement to moving averages or VWAP. Today's Trade Nasdaq ...

: Futures Trading

More Example - Day 4

Russel 30 min - Interpretation The Russel has been trading below both moving averages, that indicate the bearish market. Recently, it broke out to downside from the balance, and it snapped back to the upside. That is a great reversal and turning bullish. You can look to go long in 1 min chart. Gold 30 min Chart Interpretation The market was below two moving averages, that indicated a bearish market. It reached the 30 min chart resistance area, where you could go short on flip on 1 min chart. Volume Expansion at the Resistance Trend begins with ...