I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:
double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)
Here is my futures markets Trend Zone as of Thursday’s close. This past week was a short one again due to the end of the year holiday, but the basket of markets I watch sure closed with a bang. The total bullish markets increased to 31. Here’s the overall breakdown to end the year: 59% are very bullish, 24% are bullish, 8% are neutral, 3% are bearish, and 6% are very bearish. This past year was a wild one and 2021 could prove to be just as interesting. Happy New Year!
|Very_Bullish (5)||Bullish (4)||Neutral (3)||Bearish (2)||Very_Bearish (1)|