Technical analysis & swing trade ideas on the stock market as well as key stocks, sectors, commodities, & bonds.
UPDATE: Due to a glitch with the screen recording software, the audio was not recorded. As I need to leave town for a planned trip, I will not have time to re-record the video or post any more updates until I return after the weekend. I summarized the key points of the video in this comment reply: https://rightsideofthechart.com/market-analysis-trade-ideas-10-6-23/#comment-29455
I just took these screenshots right before publishing this video as soon as it was processed by YouTube. Both /ES & /NQ have run into resistance levels where the odds for a reaction before the next leg up are elevated while a solid & sustained breakout above these levels would increase the odds of a run up to the next resistance levels/targets on the 60-minute charts below. As such, active traders that took today’s earlier breakouts could reverse to short for a quick pullback trade.
ES 60m Oct 6th
NQ 60m Oct 6th