JoeRodTrades

Weekly Market Preview: Come See How I Prepare For The Week!

CME_MINI:MESM2024   Micro E-mini S&P 500 Index Futures (Jun 2024)
In this video I cover my thoughts on the week ahead. I touch on some of overall sentiment but, this video focuses on the week ahead as I take you through my weekly preview practices. This is shortened down version of how I like to prepare but, it should give you a good idea of what I look at before the week starts.

We the following concepts:

  • Chart analysis
  • Investor sentiment surveys
  • High-level Market Breadth
  • Futures contract reports
  • I usually cover the percentage of stocks in the S&P500 above their 50 day MA but, I totally forgot to in this video.

The SPFI S&P 500 above their 50 day MA is nearing the apex of a potential double today. Which means it could set up for the measured move objective I mentioned last weekend.

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