Hey everyone here is my midweek technical analysis for the S&P 500, Oil Trading, and the Nasdaq. The main aspect of the charts I go over is that the market seems to be in a wait and see mode.
Based upon the S&P 500 and Nasdaq I think the markets are consolidating a little bit before some more big moves happen. On the charts I go over I provide
precise entries and exits for any trades provided.
All trades are setups I personally use. This doesn’t guarantee they will work for you because everyone trades differently, but they work for me.
That is one of the keys to trading, find what works for you and then continually refine it until you have created a system where you are a profitable trader.
I provide other analysis and reviews about trading products that have helped my trading career at https://evancarthey.com.
Another key to trading is trusting yourself. To do that you have to tap into your subconscious mind. You can never be a profitable trader if you don’t fully trust your trade setups.
The only way to do this is through meditation. Meditation is what enabled me to become a profitable trader. The best thing about it is that it is free and anyone can do it.
Here is the step by step process I wrote on the exact process I use when looking for trading setups that work for me using meditation: https://evancarthey.com/how-to-become-a-profitable-trader-using-meditation/
That is why almost everyone who pays some trading “guru” thousands of dollars to learn their system never becomes profitable. They didn’t create the setups so even though they paid someone to learn their system, deep down they don’t fully trust it.
Never mind the fact that the “guru” who is selling the system is more than likely a losing trader themselves. They just know how to sell hope and market themselves like they actually make money from trading. There is a big reason why almost no one who is selling courses and trading rooms for hundreds or thousands of dollars are willing to show verified statements that they are profitable.
The simple answer is because they are losing traders and are con-artists. That is the truth.
Video for My Midweek Technical Analysis for the S&P 500, Oil Trading, and the Nasdaq
Conclusion
Like I mentioned earlier, I think the big moves will come but not this week. It looks like the market is starting to consolidate to see which move it will make next.
It doesn’t matter to me because of the way I trade I have setups that go both long and short.
If you only like trading by going long and not shorting then great! Trade the way that works for you. There is no wrong way to trade. Well, I take that back.
The ONLY wrong way to trade is the way where you lose money. You can trade the opposite of what everyone else does and as long as it makes you money then that is what matters.
So start meditating to reach your subconscious and discover for yourself the types of trading setups and strategies that work for you.
