The SPX Index has clearly been in a sideways price action for a couple of weeks.
After hitting a high of 2401 (ES Futures), it was bound to get some knocks, being that 2400 is a nice big round number, and many viewed it as over extended quite a bit. However, big Round numbers (especially at all-time highs) are even more powerful. The next battle at that level is one to be closely watched.
Meanwhile, other things are beginning to show signs of activity, including the Short Term VIX Indicator.
This video analyzes market conditions for the rest of April, and what we may view as Good Probability trades. Several Trade ideas are presented here in this video.
If you liked it, please comment here, and share amongst your networks. Much appreciated.
