Every Tuesday and Thursday, Peter Davies from Jigsaw Trading joins Eddie at TopstepTrader to discuss the action on the US Indices and specifically the eMini S&P500 Futures.
We start off by looking at the prior week a holiday week and how that might not give us the best reference points to play off because of the low volume. Also the fact that we are in fairly new territory adds to the lack of reference points to play off. We look at the weekly and daily profiles to find areas that may be of significance.
Then we switch to looking at the range at the top and discuss what it means in terms of traders positioned there and where opportunities lie in this situation.
This sort of action occurs very often on the eMini S&P500 futures and so it's worth considering what it means to people positioned there.
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