Oil Leads Market Higher
Oil leads the market higher today after the oil report comes out. The market reversal blew through a key level in the S&P at 1911. The next level to watch is 1934. If the S&P can break through that then I would expect 2000 to be in play. Keep this in mind as you're setting up your positions and determining your risk. If you're short decide now if you can withstand a move to S&P 2000. If not adjust your risk. In tonight's member coaching session I'll be discussing the risk array in the analyze tab so you understand your risk.