Traders may live for momentum but finding it is another story. Gaps, rectangles, flags, head and shoulders, and triple top chart patterns could help you figure out which way prices could move and with how much momentum.
Useful tools you can use are the OnDemand feature in thinkorswim from TD Ameritrade and the yield curve. OnDemand gives allows you to watch a replay of price action so you can better analyze price action. Keeping an eye on the yield curve to see if it is flattening or steepening.
Volatility data is focused on the long term. Traders are focused on the short term. There is a way to convert volatility data so it can be useful for the trader.
SPX and S&P 500 futures don’t always move up and down together. Which one should you look at if you want to know what the market might be doing?
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