*Reaction* Thursday – Let’s do this!!
With FOMC behind us, and professionals back to work tomorrow, we have plenty of trading opportunities to choose from…
Markets made a strong run lower this afternoon, so pullbacks are on our radar – but the ONE…
*Reaction* Thursday – Let’s do this!!
With FOMC behind us, and professionals back to work tomorrow, we have plenty of trading opportunities to choose from…
Markets made a strong run lower this afternoon, so pullbacks are on our radar – but the ONE TRADE I'm praying for is this FOMC SQUEEZE!!
Emini and Nasdaq are bearish at the lows of a weekly range – I'm certainly looking for pullbacks, but I'd rather grab this “short squeeze” reversal instead!
Crude Oil is bearish into a range – I'm open to a breakout going lower, but this “slingshot reversal” will be incredible if it fails!!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 5,000 tick
• Crude Oil = 2,000 tick
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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 this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options tradi..
