S&P Market Analysis & Key Levels 03/05/17

Weekly Key Levels

Our S&P market analysis this week gives us multiple scenarios, but what else is new. The ES emini has been on fire as of late, and so far nothing seems to derail it. With that said it is at an important juncture in its trend. At this point we can see a pullback or a continued run another 50 or so points. The S&P does need a pullback soon, but we are not the ones that make that happen. We are retail traders,so we just place high probability trades. The media gets paid to prognosticate, albeit rather horribly; so we will let them will the market, and we will continue to trade once the market gives us a setup.

If we relied on the media to give us our trades,we would all ed up broke. You have probably heard the phrase, “trade your own plan.” Or better yet the rapper T.I. said you do you and i will do me. Of course his grammar was slightly off,but we get the point. By trading our way we are able to grab great trades. Great trading is not hitting a homerun with every trade, but consistently pulling more money out of the market than we lose.

Sun Tzu’s philosophies have been used by Alexander the Great to General Schwarzkopf to many other successful people, and it is because his ideas work. Trading is all about achieving greatness and being able to increase the quality of your life, so if you are striving for success in your trading and are unable to obtain it then give us a call for a free consultation.

If you enjoy the analysis we have a trading course that goes over analysis and how to spot trade setups off of that check out our Trading edge course.

Entreprenuer, Trader and Philanthropist

Matt Dye, Founder of ABusinessWithTrading, is a professional trader who specializes in trading price action. His mission is to empower traders through education, and every month attracts readers across 50+ countries. To discover more about Matt’s Price Action Strategies, visit his Trading Courses page.