Good morning, Daily Direction readers!
We’re keeping an eye on the Nasdaq futures market (NQ) today, as the market is making some interesting moves in the timeframe analysis.
While the long-term direction is currently, up, the short-term is down as the sellers have taken control of the market.
The best thing we can do right now is to keep an eye on the NQ and wait for opportunities to present themselves. The market will turn bullish again!
Daily Timeframe Analysis
Right now, the NQ daily timeframe is in a short-term downtrend.
The sellers are in control, driving the market downward. We can expect a -7,000 tick movement before the market turns and pushes bullish again.
But according to the data, the monthly timeframe shows that the market should turn bullish again towards 20544. That’s a + 26,046 tick possibility!
Learn more about the Daily Direction Indicators here…
Increased risk and volatility can agitate many traders. And, while it’s important to be careful, we shouldn’t let fear prevent us from seeking to make a profit.
Risk is what allows us to make profit in the market. As long as we use our strategy to manage that risk, we can look for ways to make money in the market even when things get complicated.
The Bottom Line
The market is currently characterized by high volatility, and recent news have many investors concerned.
However, we continue to monitor the futures market for trading possibilities while minimizing risk. That is why having a sound trading strategy is crucial. During moments like this, it serves as a roadmap.
If you’re ready to jump into futures trading, be sure to read up on my free analysis information to help you get started.
As your trading account increases, you may utilize my expertise to create your own trading strategy! If you don’t have a strategy, you’re asking for trouble.
Keep On Trading,
Mindset Advantage: Move On
You know the feeling when a bad trade comes back to the forefront of your mind?
In an instant, a calm morning is now haunted by the specter of a terrible trading session from ages ago. Just when you thought you would never, ever, ever find yourself in that situation again.
It’s time to move on. Sure, mistakes happen, but the key to getting past errors and losses is first to embrace them. Own them and take them as they are. After all, they’re yours.
But then be sure to move on. Your future is brighter than your past.
Traders Training Session
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.
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