Listen to Sean Jantz of Binary Trade Group as he walks you through how to construct a monthly trade plan on the S&P 500 market. With the 4th quarter of the year in full swing and earnings season starting this week, there should be plenty of volatility in this market.
Starting off with with a 4hour chart of the SP500 for the entire year of 2017 we can see the market has been in a nice trend. Identifing trendline lows and trendline highs, the market is clearly above its bullish channel formation which is discussed in this video in more detail. Demand zones where the market has a tendancy to migrate, the first on the radar is the 2510 to 2500 area which could be potential support.
Remembering the Big Picture in trading can potentially be helpful in shorter timeframes.
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