Wednesday, September 30, 2015

Price Action Trading The E-Mini S&P 500 Futures Correction; SchoolOfTrade.com



Buying the nice little pullback for buyers to get back in gave us a rip back up for 68 ticks on the morning!

In today's video we see E-Mini S&P 500 getting smashed higher and looking to buy the pullback giving us a better entry.

This gave us an opportunity to buy the pullback back to channel lows for a solid $850 all within one 5-Minute candle!






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Price Action is all about learning to READ the market as if it were speaking a language. What is the market doing, why is it doing it, and what is the market telling you to do about it? Today we saw the S&P 500 rip higher but smart money isn't going to buy WAY up there, they are going to be looking for a better entry price lower to get back into the move. 


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