Rock bottom in?
|S&P 500 flashed not one, but two crucial warning signs at the onset of yesterday‘s session, and swing trading clients benefited from the slide, going for almost +190 ES pts in less than two full trading days. No countre trend little bounces with very limited risk worked yesterday, and there were two key reasons for that (discussed with clients) – one of them was Nasdaq losing relative outperformance premarket.
Today‘s punchy video dives into volatility and options in determining whether we‘ve seen extreme fear already, whether the swing trading bottom is in, or not. This is still ripe for short squeezes – can one hit before CPI or PPI?
Yields are rising, USD against euro not yet, but vs. the yen already yes… signal in itself. Just review yesterday‘s and extensive weekend video for more clues.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.