Markets stumbled a bit today – with Crude Oil barely treading water and the Eminis making fresh lows, it feels like this rally might be over…
But not to worry, because I have a reliable plan for both directions, let’s get started…
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Markets stumbled a bit today – with Crude Oil barely treading water and the Eminis making fresh lows, it feels like this rally might be over…
But not to worry, because I have a reliable plan for both directions, let’s get started…
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Crude Oil is bullish and showing lots of bullish clues on the chart, but there’s a big wide open space below us which could easily get filled and drag the entire market down along with it…
E-Mini S&P is bearish after buyers failed to keep the momentum going from Monday, and I'm looking for ways to trap the buyers and get short on Wednesday…
Gold looks bullish at first, but the lack of POP going higher tells us this is likely a bear flag posing as a bullish reversal, which tells me to look for sell setups using buyer failure at key support levels tomorrow morning…
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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 provid..
