Remember to begin with your OODA loop
- What do you see?
- Where were the buyers last engaged if they were value buyers?
- Where were the sellers last engaged if they were value sellers?
- Who won the last strategic price battle- buyers or sellers?
- Have we tested significant levels of support or resistance?
- What is the relative trend?
- Have you established risk relative to 1) the last battle won and 2) the relative trend?
YouTube runs a variety of checks now that makes each 5min video about a 40min ordeal – so we will just look at the ES and NQ this week but you can use the same process above with any chart you choose.