Markets turned bearish and ran lower all day today, giving the bears control of momentum and telling me to look for sell setups off key resistance levels tomorrow morning…
The biggest clue is the strength of today’s collapse; days like today are us…
Markets turned bearish and ran lower all day today, giving the bears control of momentum and telling me to look for sell setups off key resistance levels tomorrow morning…
The biggest clue is the strength of today’s collapse; days like today are usually followed by one of three chart patterns and I want to make sure you're prepared to trade them – let’s get started…
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E-Mini S&P is bearish with a strong spike lower to finish today’s session; the strength of this move tells me sellers will be looking for another leg lower, and I'm looking for a short setup off the high of a new hidden channel…
Crude Oil is bearish with a sleepy run lower today; this gives the bears full control, and tells me to look for sell setups at resistance levels, such as the reversal-line at 42.00…
Gold is bearish into a spike and channel pattern; the strength of this move, combined with the lack of deep pullbacks today tell me that sellers will be patiently waiting to short the next bounce off these lows…
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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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