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)
- single green (bullish)
- yellow (neutral or sideways)
- single red (bearish)
- double red (very bearish)
Here's my futures markets trend map as of Friday's close.
|double green||single green||yellow||single red||double red|
|very bullish||bullish||neutral||bearish||very bearish|
As you can see, the majority of markets are currently in a bullish environment.