Medium-term trend is bearish - Weekly Market Roundup 21st Oct 2018
Channel: Trading Profitably
Date: 21/10/2018

Medium-term trend is bearish - Weekly Market Roundup 21st Oct 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, AWK, CCS, PFGC, TTWO, etc.

The market dropped heavily. Then it recovered it a bit. Several traders were ready to buy stocks at that recovery. They talked about golden buying opportunity based on a single bullish shape candle. Not so fast for CUE traders. They did not jump into new long positions. Instead, they waited for unambiguous trade setups.

More such setups came in the short side than in the long side as the market dropped again.

Using unambiguous checklist based trade setups you could take advantage of what the market was actually doing instead of relying on media or other traders' opinion.

You could take your trades more confidently by aligning industry and fundamental weakness with your short trade setup on technical charts.

These and the usual top-down analysis in this roundup video. Time to get a drink and click the play button. As usual.

This is a demonstration of the way Superior Profit Community members trade Stock, Stock Futures, and Stock Options to generate consistent profit from Stock Market.