Markets Now At Resistance Zones

2023-12-07 / Chris Brecher

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Most markets are still too extended from their daily 50 SMA’s, but until I see hourly tops, I cannot initiate longer-term swing shorts.

Chris Brecher

After 8 successful years on the Chicago Board Options Exchange floor, Chris Brecher realized that electronic trading was making more money than floor trading. He left the floor to work for a NYC day trading firm. While Chris was both opening offices and training the traders, he still managed to be in the top 5 out of 800 traders for all 9 years he was with the firm. When the firm was taken over in 2003, he decided to trade from home. Since 2003, Chris has traded on his own, opened his own trading educational site, and worked as a content provider for Simpler Trading.

That's as far as you can go!