Downtrends are far more volatile than uptrends. We saw that today as the early extreme weakness quickly triggered a rally. But does that rally change the downtrend in any meaningful way? Not likely. The macroeconomic trends as well as the price trends indicate the path of least resistance is to the downside.
Raghee Horner, Futures
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Raghee Horner, Futures
—————
Why trade alone when you can access over 100 years of trading experience right at your fingertips? Simple strategies, proven tools, real-time alerts and an interactive trading community await. Keep it simpler with Simpler Trading.
Want advice from our traders sent straight to your inbox? Check out our newsletters! https://bit.ly/3wixSMt
Our website: https://bit.ly/3aFYUoS
Follow us: https://www.facebook.com/simplerofficial/
https://www.instagram.com/simplertrading/
https://twitter.com/simplertrading
#SimplerTrading #DayTrading #MarketUpdates
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