May 3 | Keeping an eye on buying opportunities

Click here to view this email in your browser.  To read today's edition of Josh's Daily Direction on our website with updated charts and graphics, Click Here. Good morning, Traders! It's time for your Daily Direction update. We're back analyzing the E-mini Russell 2000 (RTY), which is showing bullish direction for both the short-term and long-term outlooks.   Remember, the RTY futures market tracks the Russell 2000 Index, which measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index, in turn, measures the performance of the 3,000 largest U.S. companies based on total market capitalization.   Based on what we're seeing in the RTY, the overall market is still inside the up channel. Let's dove in and take a closer look!   Daily Timeframe Analysis Based on the daily timeframe analysis, we can see that the market trend is clearly bullish. There are higher highs and higher lows in the overall movement. We'll keep an eye on the movement, switch to the one-hour timeframe to confirm the high and low prices, and look for buying opportunities for the RTY. DAILY TIMEFRAME The daily timeframe chart reveals the market is up in the long-term 1-HR TIMEFRAME A look at the one-hour timeframe also shows that the overall RTY direction is up THE BOTTOM LINE Now's the time to find opportunities to buy!   The daily timeframe chart for the RTY shows that the overall trend is still bullish Remember, we use the daily to help confirm the overall direction of a market before looking for buying opportunities. This allows us to apply our buying strategy correctly, increasing our chances of entering into a winning trade. Now, let's take a look at the one-hour timeframe to better understand where we are in the short-term buy zone. One-Hour Timeframe Analysis Within the one-hour timeframe, the market is beginning to break a counter trend line and move bullish toward 2322.7. That means we'll keep looking for the next buy opportunity as the overall trend remains bullish.   The one-hour timeframe for RTY confirming that the short-term direction is up as the price movement breaks the counter trend line (short diagonal line) You can see how the price has broken the counter trend line and remained bullish (short diagonal lilac line). If the trend continues on its current course, we'll actively look for low price opportunities to buy in. The Bottom Line Both the long-term and short-term outlooks for the RTY remain bullish. We can see that the market is hitting higher highs and higher lows. There's a clear bullish break through the counter trend line in our one-hour timeframe. Now, we keep an eye out for opportunities to buy at a low price within the buy zone and watch the bullish trend extend!     The overall trend for the RTY is up. We see both the daily and one-hour timeframe revealing an upward trend. Of course, none of this is possible without having a trading strategy that follows the daily direction. Without this information, you'll have a hard time figuring out when to get in and get out of the futures markets. Don't get stuck in a rut trying to figure this out all by yourself. Let me help! That's why I'm here. Mindset Advantage: Find Balance When it comes to your mindset for trading, you'll find that your ability to cope with the markets, bad trades, good trades, whatever, has more to do with how you spend your time outside of trading. More specifically, how much balance you have.  In fact, of your total state of readiness 10% may have to do with charts and price levels. The other 90% has to do with how rested you are. How focused you are. How happy you are. Find a balance that works for you and begin the path towards happy trading.   Traders Training Session Getting Started With Futures Trading Stay tuned for my next edition of Josh's Daily Direction.   And if you know someone who'd love to make this a part of their morning routine, send them over to https://joshsdailydirection.com/ to get signed up!       Keep On Trading,      There is a very high degree of risk involved in trading. For our full disclaimer, visit: Here   Unsubscribe   NOFT Traders | 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 © 2021 Traders Innovation LLC. All Rights Reserved         THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.   This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. 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