First published at 01:07 UTC on January 19th, 2023.
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Here are the charts I mentioned in tonight's video:
Emini 60min Levels – https://prnt.sc/2nEnrDfGlOGW
Nasdaq 60min Levels – https://prnt.sc/GLg_z-0mrf-Q
Crude Oil 60min Levels – https://prnt.sc/3D81sKL7rvty
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What a move, what a day!!
Everything’s bearish after today’s massive Bull Trap sent prices racing lower…
Strong moves like these tell us that sellers will be eager to short the next decent pullback, but we’d be foolish not to prepare for (what might be) one of the biggest short squeezes of the year!
Emini and Nasdaq are bearish with strong moves down, and the key to the “easy money” tomorrow will be using “stops as fuel” for our entries!
Crude Oil is bearish too – I'm definitely looking for shorts on the next pullback, but check out this “short into long” squeeze play I'm watching!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 tick
• Nasdaq = 4,000 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 Bus..
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