18-Jul

S&P struggles to move above resistance

Hello SpikeTraders,The recent Password class is now upload into the Video Vault. I reviewed a few past trades showing tools that were taught in previous password classes.Markets had a gap and crap type of day, with markets gapping up at the open then traded lower remainder of the day and closing at its lows. Apple news hit the wires indicating the company would be trimming back hiring and reducing spending in preparation for a potential recession. More companies are likely to follow and this sort of becomes a self fulfilling prophecy. The markets have already been pricing in a recession the question becomes how deep of one will we encounter. Let's look at the charts...

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