We’re back in the action for the final full week of September, and I have my eyes on a combination of channels and trading-ranges for the best support and resistance levels for Tuesday’s trading session – are you ready?
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Learn my…
We’re back in the action for the final full week of September, and I have my eyes on a combination of channels and trading-ranges for the best support and resistance levels for Tuesday’s trading session – are you ready?
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Crude Oil is bullish as it rotates back into the narrow trading-range from last Friday, which tells me to look for buy set-ups either below the range, or after a 123-Breakout to new highs.
E-Mini S&P is bullish and trying to complete the ‘pendulum swing’ up above the range high on Tuesday and since this is a range-bound market, my plan is to fade the bull breakout using a “nested” failure pattern.
Nasdaq is bullish and trying to complete a Spike & Channel re-test, and I'm looking for a 2-Try Breakout Pattern to jump in on the move running higher.
Gold is bullish with a Spike & Channel pattern, which tells me to stay patient and wait for a buy set-up after a DEEP pullback off today’s high.
Euro is bullish into a narrow trading-range, which tells me to look for buy set-ups underneath the range, which also combines the low of a new Hidden Channel.
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Contact the office for more information:
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800.381.2084
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in th..
