Market Weekly Forecast: S&P, Nasdaq & Russell 2000
In this video, I provide my market analysis for the upcoming week (1/16-1/19) focusing on S&P 500, Nasdaq 100, and Russell 2000 Futures. Understanding the market environment is crucial for both day traders and swing traders. I discuss how to ascertain if this week will be a consolidation week or if there's potential for range expansion. If it's a consolidation week, we can trade the market in both directions throughout the day. If it's range expansion, we should favor that direction and not fade it. For market direction, I utilize tools such as Bollinger Bands, AVWAP, a 5-day sma, and my Beacon Indicator.
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