Oh, and it’s the deadline to file your taxes if you work in the US. =)
Traders keep prices holding higher lows as it seems the analysts have brought down estimates well enough for the companies to meet or beat for the most part. Of the companies reported so far, it has been printed that more than 80% of them are beating estimates.
The environment remains bullish with pullbacks giving us the best edges of support for entry. We are at a breakout level and holding so far near 2914 in the ES_F and with 2906 below that holding lower edges.
Our Metastock Map for swing trades, TARGET RICH TRADES, is still flashing warning signals for those holding swing longs and suggests taking profit where new highs are showing over the last 2 weeks. Failed retests of 2914.5 can open intraday shorts, though I suspect that will be a swift intraday trade that throws the trader back into a group of buyers.
Divergence and defense of recent lows tell us buyers are still in charge. Here’s a link to the software
How about finally starting that trading journal?
You should – Here’s an easy way to keep track of your progress
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