First published at 23:38 UTC on August 2nd, 2022.
Uh-Oh… is this Bull Rally Finally Over?
Today’s short-squeeze was fun (while it lasted), but momentum shifted this afternoon and this “pendulum-swing” reversal could spell disaster for the bulls!!
Emini and Nasdaq are bearish with a “pendulum-swi…
MORE
Uh-Oh… is this Bull Rally Finally Over?
Today’s short-squeeze was fun (while it lasted), but momentum shifted this afternoon and this “pendulum-swing” reversal could spell disaster for the bulls!!
Emini and Nasdaq are bearish with a “pendulum-swing” off the highs – sellers are looking for shorts, but this DOUBLE-TOP short is my favorite!!
Crude Oil is bearish too – sellers are looking for entries back to weekly lows, but watch this BREAKOUT pattern for a move down to $90!
--------------------
Find the best 3-5 trades each day with my Free Trading Course!
http://www.schooloftrade.com/trial
Trade with Me Every Morning @ 8:00am EST in our Trade Room!
http://www.schooloftrade.com/
Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 2,000 tick
More Trading Videos on our Blog:
http://www.sidewaysmarkets.com/
Contact the office for more information:
Email: [email protected]
Phone: 800.381.2084
Skype: Megan.James12345
----------------------------------------------
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.
----------------------------------------------
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 trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willin..
LESS