In the first part of the US day trading session I focus on the US 30 which is a great way to get started trading indices as it does not require a specialist futures brokers account and moves in the same way. And here I also explain the importance of levels and flows which define market sentiment as it moves between risk-on and risk-off in this and related markets. Levels can be defined in many ways and the most common are off course from a price based perspective, but here I also use volume and the Camarilla Levels indicator.
https://youtu.be/GfSU3PZTNcs...
Wall Street was in sombre mood following the explosive move the previous day, where risk on sentiment dominated. Equity markets surged and risk currency sold off strongly and reflected equally in bond markets and yields.
https://youtu.be/3vSK4HSoHDU...
US index futures reacted to more news from the Trump Twitter handle which created the price action we have seen so many times before. A rapid move in one direction followed by an equally dramatic move in the opposite direction not long after. It's what we call the 'souffle' effect for this reason, and is one to watch out for in all markets as it offers terrific two way price action in a relatively short space of time. And of course, all confirmed with volume price analysis and the indicators.
https://youtu.be/2owPUT8RGMc...