Premium & Expert Swing Trades
Now that Chairman Powell’s testimony is out of the way, (clearly a nonevent), the China Trade negotiations, what ever is left of company earnings, and a holiday environment are the obvious catalysts left to consider. The stock market did not close particularly weak, which can lead to a continuation higher. It feels right to seek out logical reasons for such price action, but always keep in mind no financial market is governed by logic. Perceptions of the future and emotions are the forces the shape short term price action, and since order flow is an expression of sentiment, it is possible to get a sense of market intent by evaluating price action in a technical way.