Who else wants to have a profitable trading week? Find out the support and resistance this week that you need to know to help set you up for your trading this week.
This is Paul Wett with www.WettTraderLLC.com coming to you with the Forecast for April 08, 2016.
So what we’re trying to do here folks is I’m trying to set you up for your trading this week.
So all we do here is we find out our support and resistance.
This is the daily chart, this is the daily data.
We’re trying to pound out a 5 bar significant high.
This is the weekly chart. This is the weekly high low close.
This is gonna be our resistance, 2081.42
This is gonna be our PP, 2050.33
This is gonna be a high probability, so buy, buy, buy until we confirm that we will need to sell, sell, sell.
This is the monthly chart. Our PP is 2029.92
2101.83 is the resistance
So we got some numbers we got to look at and I’m gonna show you what we got to do.
The software will do all the numbers for you. I’m just trying to show you the numbers we’re looking at.
- So we got some retracement numbers for a SELL 2085.78
- 2067.41 is the daily which we hit on Friday I believe
- 2063.06 but we need a confirmation
- Our next number is 2092.56
- We got a 2071.78
- So we got a little bit of resistance between the 67 – 71 area which is where we are right now
- And then we got some 30 points, it’s a lot of money out of the table my friend
Thanks for watching!
If you have any questions, call us at 1-866-866-2474 please leave them in the comments section below
– Look forward for the Midweek Update for the updates about the possible opportunities about these markets.
Enjoyed this video? Subscribe now to our YouTube Channel, or like us on Facebook to get notified of all new videos.
Have a great week and happy trading!
Speak Your Mind