Important Levels You Need To Know In Swing Or Day Trading S&P 500

Man, Computer, Stock Trading, Iphone, Hands, Finance

Image Source: Pixabay
 

Here are the important levels in S&P 500 futures (ES) that you need to know for day trading and swing trading to achieve a high reward-to-risk ratio.

Watch the video below to find out the trading plan for shorting S&P 500 based on the Wyckoff method and the long and short-term directional bias.

Video Length: 00:07:05

The bullish setup vs. the bearish setup is 176 to 231 from the screenshot of my stock screener below. The directional bias for S&P 500 (ES) is still to the downside. Shorting into strength is preferred when swing trading in the confluence area as mentioned in the video.

wyckoff stock screener

For stock trading, there are a handful of outperforming stocks in the home builders, precious metals, and biotech groups. Only the grade A+ trade entry setup will be considered as volatility in the market still does not favor swing trading.


More By This Author:

Is First Solar Still Bullish? Here's What The Chart Shows
Here's How Home Depot (HD) Could Be Ready For The Next Big Move
Honeywell - A Sign Of Strength Rally To Hit All Time High?

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with