Signals & Trading Plan for Monday 12/16/19

Trader’s Education
Many of our readers have asked for books and resources that you can use to further your own trader education.   Here are 2 great online resources that are free and are very useful for learning or reviewing popular chart patterns:  

Investopedia: Introduction to Technical Analysis Price Patterns
Stockcharts.com Common Chart Patterns

Additionally, we highly recommend the following classic trading psychology book to learn about mastering your own emotions and to become a more disciplined trader.

Trading In The Zone by Mark Douglas

Market Internal Indicators
Surge10 technically started on 12/10, and took off in a big way on 12/12.  A number of factors helped it along: a dovish Fed, solid job report, some wage growth without immediate inflation threat, and phase 1 of the trade deal.  

However, market internals have backed off a bit from being super bullish.  Now things are more or less neutral.  Additionally...

The full article covers:
Market Internal Indicators (more)
Support & Resistance Levels
Market Projections
Planning Your Trades

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