Market breadth

[trader1974]

What do they use to have a market context vision apart from using several timeframes?
Any suggestion?
Any index, bond, currency or raw material?

 

[trader1974]

Trading on days like today is very difficult,
it is difficult to know where the price will go.

 

[trader1974]

 

[SunTrader]

Here is what I look at, not that it works every time:-

ES 1 minute chart yesterday showing opening 1st minute bar (RTH) midpoint @ 3223.50 then opening 1st 5 minutes midpoint @ 3222.50 and finally 1st 30 minutes midpoint @ 3218.50

Because both 1st 5 mins and 1st 30 minutes midpoints are below 1st minute I was bearish for rest of session.

Then today 1st minute bar midpoint @ 3197.75, and 1st 5 minutes @ 3195.50 and 1st 30 minutes @ 3197.50 (rounded) I was again bearish but not as strongly since 1st minute and 1st 30 minutes were basically the same and 30 min was above 5 min.

HTH

 

[oshjdf]

If you trade commodities futures instruments, then seasonal data, natural disaster, production data, geopolitics and alternative futures instrument may provide another perspective.

 

[SunTrader]

If you swing or long term trade. Otherwise, if you daytrade, for the most they are meaningless.