Tuesday, September 20, 2016

Market Psychology On E-Mini S&P 500 Futures - Range Day Fading; SchoolOfTrade.com

The E-Mini S&P 500 Futures opened up today in a pure range. There was a gap higher but the very first candle of the day was nothing but a doji showing us that nobody had control and to treat the morning as a range until proven otherwise.

This turned out very well with an attempted breakout lower into test the prior swing high from Monday which found immediate buying pressure right back up to highs for a sell back down once again to the lows. Buy low, sell high, and stay out of the middle!

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