Let’s take a step back and look at the “bigger picture” of the market. We’ll recap last year and analyze how 2022 set us up for trading at the beginning of 2023.
The 3 major fundamentals to focus on are:
- Structure
- Zones
- Liquidity
Since last year, the S&P 500 (/ES) has been in a larger structure on the weekly time frame. It was a bloody time for the market, but as traders, we should recognize that /ES was running in an uptrend for years. This downtrend is healthy for the market.
In the premium Simpler Day Trading video, Chandler gives a deeper dive into his /ES intraday levels and focused list for Friday morning. Start a $7 30-day trial here.
Stay Focused!