Another interesting session for stocks and commodities and it allows me to share a day trading secret with you as well. This secret not only is a gold mine for day traders but it also helps with timing your entry and exits as a swing trader.
Today stocks opened lower and during pre-market hours it was looking really bearish, but once the 9:30 opening bell rang buyers flooded the market and drove the prices higher all session forming the typical intraday price action that happens during strong trending days.
I did a video on this year ago which I’ll share the link but take a look at today’s intraday price action, then watch this video as its a day traders DREAM – FREE MONEY!
TODAYS SP500 INDEX CHART:
NORMAL INTRADAY PRICE TENDS DURING STRONG MARKETS
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