Many traders new to futures trading make the mistake of thinking in terms of stocks. Futures trading is concerned not with individual stock performance but with the macro logic of the market. Futures traders watch the indexes, not the stocks. Remember, the market is always seeking equilibrium, constantly oscillating between previous highs and lows. Futures traders use support and resistance to gauge the range of the day and locate potential market turning points. Learn to successfully and consistently locate these turning points and the spread becomes your playground — and cash cow! (more…)