We’ve successfully traded the “Ping-Pong” action between these levels but now it’s time to prepare for a likely breakout and new impulse swing in the market.
Which way? And exactly what are the levels? Let’s take a look!
As I’ve been highlighting each evening to members, the S&P 500 (broader market) continued to trade within a compressing trendline environment which we can draw as a “Symmetrical Triangle” Price Pattern.
The strategy has been to play “Ping-Pong” or plan intraday trades (or even brief swing trades) on movements toward and away from these compressing trendlines. (more)
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