First published at 00:45 UTC on December 8th, 2021.
Woah, what a move today!
Am I crazy to think about shorting this rally?
Emini is bullish, but we just retested today’s high and we have a range (magnet) below us…
Nasdaq is bullish too, but we just completed a measured-move back to the high of a …
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Woah, what a move today!
Am I crazy to think about shorting this rally?
Emini is bullish, but we just retested today’s high and we have a range (magnet) below us…
Nasdaq is bullish too, but we just completed a measured-move back to the high of a spike and channel…
Crude Oil is bearish, and this recent 123-Reversal pattern tells me exactly where I should get short tomorrow morning…
I know, I know – I'm definitely looking for pullback entries on the Eminis tomorrow, but let’s see if we can get some shorts off the high too!
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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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