Last day of 2020!
Jan 01, 2021
What a year! No need to expand upon that comment. Each of us has experienced changes to our lifestyles and trading. Hopefully, it has been a good year for you.
Let's look at the following chart:
The above chart of the S&P-500 is one of the charts I'm using to day-trade the S&P-500 Futures market. There's too much to explain in this one post but suffice it to say that we had a bullish "tipping point" at the green line on Thursday afternoon and there was no reason to exit that long position until the end of the day.
As the chart shows, this rally resulted in a 24 point move in the S&P-500. Whether you're trading Futures or SPY options, this is one of those strong trending moves that you don't want to miss.
Happy New Year!
Bob Joiner
Interested in Bob Joiner's day trading chat room?
At the following link, you'll find a 2-minute video overview and a link below that video to receive more information.
