Review of Mini NASDAQ 100 Chart & Support and Resistance Levels for the week of July 30th, 2018

Review of Mini NASDAQ 100 Chart & Support and Resistance Levels for the week of July 30th, 2018
Friday, July 27, 2018

by Ilan-Levy Mayer of Cannon Trading Company, Inc.


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1.VIDEO – Simple Day Trading Approach

In this Video, Ilan Levy-Mayer of Cannon Trading will walk you through his concept for day trading

This week’s video includes a review of the two main ALGOS Ilan uses, examples of different set ups, how to actually install and use the ALGOS and more!

What’s Included?

25 minute videoshowing how to set up the charts, the indicators and reviewing the set ups

Explanation of using range bar charts as well as volume charts in contrast to time charts

Simple steps on how to install the ALGOS and review it on your own charts

More…

2.Hot Market Report: Mini NASDAQ trading at all time highs

By Ilan Levy-Mayer

Mini NASDAQ has retraced over 68% of its major sell off during February this year. It looks to me as if this market is trying to test the highs prior to the Feb. 2018 correction.
Daily chart of mini NASDAQ for your review from this morning ( July 27th 2018). We got a possible long TREND signal in the shape of the blue diamond late June. That singal appears when the ALGO think the market was oversold to the downside and has a chance to reverse. We got a slanted blue arrow on July 16th, That signal appears when the ALGO “thinks” the market has a chance to develop a trend. So far, the market direction has materialized but as we go into unchartered territory, stay nimble and be careful as the swings

Read More Here...

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