Finally Made it back today - It was a rough drive -
I see that moved a bit lower on a low volume day - watch what happens when volume rushes back into the market - A slow news day tomorrow should provide some good scalp trades -
Support and Resistance points should work well tomorrow - lean against them. If a 2 point stop is not working in the emini S&P for you (1) shift to a 5 min chart; (2) If the market rallies though resistance on low volume - hold - (3) if it starts to rally in good size volume don't wait for 2 points, flatten ASAP.
Wednesday after the close (3:30 Central) Charlie Cochran of TradeMaven Inside Edge willl be giving a free seminar on the use of Market Profile. Come see how Market Profile can be used to find areas of value and trade location in the markets.
join us Wednesday, Dec 5th at www.trademaven.omnovia.com/tmaven
This is a FREE seminar open to all.
Support and Resistance for Tuesday, Dec 4th:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
