Through the videos of this entire week you will see where we’ve been identifying many areas within the price action and market structure with signals of caution. We also annotated the charts for potential trading opportunities on the short-term and swing opportunities as permitted.
What is important here is to understand the market sentiment of what the charts are trying to tell you through price behavior and different perspectives on various timeframes. To capture the visual of the forest and not just the trees.
These may be great companies with viable products and ever changing impacts on the world and economy; however, the main focus for options traders and traders in general is ‘what is price action doing now?’ and ‘how is the price action behaving now?’ versus ‘why is the market going up or going down?’