The difference between a day trade to an individual stock or indices and a currency price is zero. Simple math, yet what simple math reveals daily is both the currency, index and stock price contain an equal chance to trade higher or lower. , the currency, stock price, and index begin at neutral. An Index or indices is defined as S&P 500, DAX, NASDAQ, Nikkei.
The concept of neutral is universal to any currency, stock index, and individual stock on any world exchange. However, the currency price depends on the central banks and interest rates, while the stock and index are in control of interest rates and by the market’s daily numbers. The focus is the price and the price only. Because the index number such as S&P 500 is larger than a stock price, the speculation is the index is the driver to the stock price.
More numbers are involved in a currency day trade because it's the smaller number to a stock or index price. The similarity to trading is multiple longs and shorts are offered for every stock, index, and currency within the specified time to day trade. To know each trade in advance also affords the concept of never watching a chart, graph, or use stops.
Multiple longs and shorts apply universally as a top or bottom break offers free money and extra pips and points to longs and shorts.
Results
The trade. NASDAQ 14049.52. to 13532.78. Actual 13926.39 to 13667.15. +259 points.
The trade. SPX 500 4481.88 to 4356.43. Levels: 4480.85, 4464.22, 4401.11, 4396.54, 4391.52, 4386.51, 4376.48, 4366.45 and 4356.43. Actual 4427.45 to 4366.89 or 60 points.
Price path 4423.26 to 4386.38 and +36 Points then 4386.38 to 4426.43.
The trade. WMT. 136.83 to 133.82. Actual 135.99 to 132.72.
Price path. 135.99 to 132.83. + 3 points. 132.83 to 134.48 or + 1.65. Break 133.82 and bonus points. 134.48 to 132.73. And 132.73 to 134.20 and +1.47.
The trade. AMC 19.48 to 18.14. Actual 19.28 to 17.75.
Price path 19.28 to 18.29 +0.99 points. Then 17.75 to 18.13 + 0.38.
AMC (NYSE:AMC) failed to perform for the past two days, nor will AMC trade well today.
Day Trades
SPX 4364.46 to 4432.79. Levels above: 4432.79, 4425.01, 4417.23, 4409.45. Below 4364.46, 4370.55, 4379.66,4387.62 4395.58.
Walmart (NYSE:WMT) Levels above 135.79, 135.59, 134.77, 134.36, 134.16. Below 132.11, 132.31, 132.79, 133.28, 133.61.
MC Levels above: 18.57, 18.15, 17.94, 17.66. Below 17.54, 17.33, 16.92, 16.70, 16.51.
Today’s SPX, NASDAQ, WMT, and AMC will trade 1/2 yesterday’s ranges, which means there is not much going on today.