Today, we’re bringing you a fresh perspective—a concise market analysis for today and a forecast for 2025. Important Reminder: Trading carries risk. Only trade with capital you can afford to lose. Now, let’s get started!
This morning, we’ve already seen several promising opportunities. We have three consecutive long-winning trades. A streak like this, whether long or short, signals strong momentum, making me eager to catch the next move.
Currently, we have a long entry at 6071.50. The Sonic Trading System provides an audible alert and a precise entry point. For best execution, aim for the suggested entry price or better. My actual entry was at 6072, slightly worse, but the risk-reward ratio remains favorable.
With an Average True Range (ATR) of three points, taking two or three trades daily can yield $400-$500, thanks to strong volatility. Avoid overtrading! Today’s trading room was lively, and it’s great to see so many traders participating.
If you’ve taken two or three trades, consider stepping away and returning later. Wait for another set of long or short trades before jumping back in. The Sonic System is versatile, working on tick charts and one-minute charts.
For swing traders, let’s shift focus to the daily chart. Price action strategies apply across multiple timeframes and instruments, including the NASDAQ, Dow, and crude oil, though I primarily focus on the E-mini S&P.
Since June 2024, we’ve seen multiple long trade setups, a pullback, and another bullish push. I counted at least 10-15 solid opportunities, each generating 90-100 points, equivalent to $5,000 per trade.
Where are we now, and where are we heading?
A recent 74-point winning trade on the E-mini S&P materialized in just three days. Now, I’m closely watching a double-top formation and the market’s upward movement.
By February 2025, we could see a breakout above 6150-6200, setting up an ideal long trade opportunity. The Sonic System will confirm this with long trade signals. With an ATR averaging 90 points, traders could secure $4,500 – $5,000 per trade, assuming $50 per point. Always account for commissions, but the upside remains attractive.
If resistance holds and we don’t break higher, we’ll pivot to short trades—again, guided by the Sonic System.
The Sonic Trading System supports various markets and timeframes. If you want to capitalize on these opportunities, make sure you’re prepared with the right tools.
📌 Join us at DayTradeToWin.com and subscribe to our YouTube channel for real-time trade insights. Sign up for a free member account to access trials and the ABC software. Our strategies rely on price action, avoiding lagging indicators.
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Until next time—trade smart!
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