Stock Trading: Insider Tips For Determining Market Direction

Add the 200-day moving average to charts to see how it acts as support or resistance with bounces or breaks on indexes and stocks.

Identify support and resistance on a day chart by analyzing spikes, round numbers, and moving averages, including the 200-day moving average, to gauge potential price levels.

Identify market direction at the open by analyzing the S&P 500 and ES futures with SBX, noting the 200 day average, the premium spread, and rollover effects.

Learn to read the VIX as a market sentiment gauge using the 50-day moving average to signal bullish or bearish conditions, with 12–20 indicating neutral to extreme moves.

Use the advance-decline line to gauge selling vs buying pressure on a five-minute chart; under minus twelve hundred indicates selling pressure, over twelve hundred indicates buying pressure; minutes are unreliable.

Master ticks and the trend to gauge market direction on a five-minute chart, reading buying and selling pressure and exhaustion signals in the advance decline data for better trading.

Discover how to use key indexes such as the Dow Transports, Nasdaq, VIX, SPX, and advanced declines to gauge market direction and build a practical watchlist.

Monitor the economic calendar for major events like first Friday jobless claims and Fed days with FOMC minutes, as markets gyrate and you may want to sit on the sidelines.

Utilize the think or swim platform to build watch lists, charts, and indicators; apply support and resistance, buying pressure, and S&P 500 emini futures with calendar to determine market direction.