Today, The 1 Minute NQ Chart Was A GREAT Tell For The 1 Minute SPX Direction

2024-01-04 / Chris Brecher

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With the SPX far outperforming the NDX the first few days of the year, the big tell for us was if the NQ was weakening on the close. When it did, we made money on puts in the SPX.

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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.

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