This video takes a look at a possible setup developing in the US Stock market: what could potentially be the first pullback following at attempted trend change. (You could trade S&P 500 futures, SPY, IWM, etc. Similar patterns exist in most European indexes, but not Asia.) This is not a prediction or warning of any kind of crash, but just an example of how a simple technical pattern can help to read the message of supply and demand as it unfolds in the market.
Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.