After seeing a 5 day rally, we have finally hit a roadblock.
Major companies like Apple and Amazon are down in the a.m. after overnight deterioration.
This is a real test for the market, and we’ll see if it has the strength to correct itself or if we’ll see an avalanche of selling.
In times like these, I look for critical support/resistance levels. You don’t want to blindly enter trades — you need to play off important levels to create optimal risk/reward trades.
In today’s video, I will discuss recent market developments and how we should react to today’s news. I’m also discussing why the Far East is getting all shook up over one trader who finds themselves in deep “oily” water.