Frank Ochoa, AKA PivotBoss, is an 18-year trading veteran and author of the book Secrets of a PivotBoss. Frank actively trades via Ochoa Capital Management, LLC and has spent 15 years developing and deploying automated trading systems for private and institutional clients, while establishing an impressive reputation as a reliable market forecaster and as an elite educator.
Wouldn’t it be great to know what kind of trading behavior we’re likely to see in tomorrow’s market? The ability to anticipate trading behavior for the following session is a trait that separates great traders from the rest – and I have a simple solution to help you get started!
The Dow Jones Industrial Average (ticker: $DJI) dropped sharply the last two trading sessions after topping out at 10,300 on June 3rd. As a matter of fact, the index has dropped 500 points and could be headed for a test of 9,600.
The Dow has traded virtually sideways over the last two weeks, but finally looks primed for a major breakout opportunity – one that could spark the next 500 point move!
The Volume at Price indicator is a visually powerful tool. Plotting this indicator allows you to see the market at work in a way that no other indicator offers. Proper understanding of this tool can make you a more knowledgeable trader.