The market outlook eminis – for the Nasdaq, Dow and ES (S&P 500) is a continuation of the current upward movement until sellers begin entering the market. Without sellers entering, the market will continue upwards as buyers are in control.
Market Outlook Eminis – Nasdaq, Dow Jones and S&P 500
In this video, Gail Mercer, founder of TradersHelpDesk, reviews her outlook for the emini Nasdaq, Dow Jones, and S&P 500 using the TradersHelpDesk indicators and volume analysis.
As Gail shows in the video, the higher timeframes are overbought but it is important to wait for sellers to gain interest in the market for the retracement to occur. Traders will know when sellers step in because the selling volume will increase, causing the ATR to flip to red on the 12 minute chart. Then a test of the new ATR (which will be red) will occur. It is at this point that the trader wants to see a decrease in buyers, indicating that sellers are entering the market for the retracement.