Shorting Against a LVN; What to Do When What Should Happen, Doesn’t
A live trade recap and lesson in tape reading
Hello and welcome to the EquityPulse newsletter! For any new readers, welcome! In this newsletter I discuss levels, scenarios and market analysis for the S&P500 market! Today, I am bringing you a live replay and commentary of the sell-off Friday in the e-mini S&P futures. My goal is to give anyone who may be new to trading with the DOM a look at what we look for.
Context
In this video I review a short scalp taken on Friday and explain what I was seeing in real time that prompted me to take the trade.
You will see a LVN form and act as formidable resistance, and see aggressive buyers attack this level and then throw in the towel once other tape readers picked up on the weakness.
Very nicely done DOM educational video. Nice commentary throughout. Thank you.