Traders Daily Direction
Your daily compass for market direction. Key levels, momentum shifts, and actionable setups before the bell rings.
581 posts published
Posts — Page 20
How to Set Trading Goals for Yourself
Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you’ll need into order to realize those goals. How should you develop a trading goal to begin with, you ask? Well, there’s no one strict way of doing it, of course. It’s a personal … The post How to Set Trading Goals for Yourself appeared first on Josh Daily Direction.
Russell 2000 Hits Key Fibonacci Level
Regular readers know that one of the main technical analysis tools we use to track the market is the Fibonacci extension. Our research shows that markets often interact with these levels over time, so we always try to take them into account when making decisions on direction. Well, this week, the Russell 2000 (RTY) futures … The post Russell 2000 Hits Key Fibonacci Level appeared first on Josh Daily Direction.
How We Plan to Sell an NQ Rally
Last week’s 4.7% decline in the Nasdaq 100 (NQ) futures market brought the index right back down to its June lows. The market is clearly still stuck in a down trend, but this is an area where support could be found. And if we do see a rally in the NQ from here, we’ll be … The post How We Plan to Sell an NQ Rally appeared first on Josh Daily Direction.
Here’s How a Pro Finds the Market Direction
It’s tough to uncover profitable opportunities in a market without a defined direction. And that is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if … The post Here’s How a Pro Finds the Market Direction appeared first on Josh Daily Direction.
BTC on the Verge of a Breakdown?
The BTC futures (BTC) market saw a nice pop earlier this month, gaining over 18% in just two days. However, all of those gains have now been erased, and BTC is back at its lows of the year. This fits with our analysis, as we continue to expect the market to sell off. However, when … The post BTC on the Verge of a Breakdown? appeared first on Josh Daily Direction.
Looking for Lower Prices in ES
Yesterday, the Federal Reserve raised its target rate range by another 0.75%… This was the third rate hike of this magnitude this year, and it looks like rates will continue to rise until inflation is under control. This tightening of monetary policy is hitting the markets hard again this week, and that’s keeping the S&P … The post Looking for Lower Prices in ES appeared first on Josh Daily Direction.
Small Stocks Back at Known U-Turn Level
Last week, we looked at the Russell 2000 Index (RTY) futures market as it was bumping up against its short term down trend line. Well, the market pulled back and is now at the bottom of its up channel again. From this point, it could go in either direction, but we still want to see … The post Small Stocks Back at Known U-Turn Level appeared first on Josh Daily Direction.
Looking for Short Ideas in the NQ
With the big selloff last week, the major indexes remain under pressure. In particular, the Nasdaq 100 (NQ) dropped 5.8% last week. The market hit the top of the daily channel and pulled back, and we are now expecting more downside ahead. Read on to see how the market is setting up for the next … The post Looking for Short Ideas in the NQ appeared first on Josh Daily Direction.
Checking in on the BTC Market
While I’m out of the BTC market, that doesn’t mean that we can ignore this leading digital currency. So let’s take a look at the BTC futures contracts… Looking at BTC Futures Contracts Here’s how the chart is shaping up and how we see the market… The BTC daily time frame is in a down … The post Checking in on the BTC Market appeared first on Josh Daily Direction.
The S&P 500 Set for Potentially Further Downside
Today, we’re looking at the S&P 500 Index (ES). We are looking at the potential for further downside. So let’s take a look at the S&P 500 Index futures contracts… Looking at S&P 500 Futures Contracts Here’s how the chart is shaping up and how we see the market… The ES daily time frame is … The post The S&P 500 Set for Potentially Further Downside appeared first on Josh Daily Direction.
Small Stocks May Hold Opportunities
Today, we’re looking at the smaller stocks that appear to be setting up for a potential opportunity. These types of stocks are represented by the Russell 2000 Index (RTY). So let’s take a look at the Russell 2000 Index futures contracts… Looking at RTY Futures Contracts Here’s how the chart is shaping up and how … The post Small Stocks May Hold Opportunities appeared first on Josh Daily Direction.
Big Tech is in Trading Trouble
Today we’re looking at the big tech stocks that appear to be in trouble. These are represented by the Nasdaq 100 Index. So let’s look at the NQ 100 Index futures contracts… Looking at NQ Futures Contracts Here’s how the chart is shaping up and how we see the market… The NQ daily time frame … The post Big Tech is in Trading Trouble appeared first on Josh Daily Direction.
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