PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
Major indexes continue to show resilience to inflation and rate rises as many have pushed up into new all time highs. Traders have been faced with many ups and downs making investing difficult and share positions constantly flow from gains to losses and back again.
We always need to focus and review the bigger picture timeframes to build into our overall trading plan or simply to gain a clearer perspective. So, as we wait for more news on the US debt ceiling, it is a good time to review our Daily charts to build that picture.
In the video below I will review my take on the key technical levels on major Indexes along with my major commodities.
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Watch the FULL REVIEW here 👇
Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.