First published at 00:04 UTC on August 4th, 2022.
Woah, what a move today!!
Markets reversed and ran higher all day today – big moves like these tell me that “traps” are gonna be the best trades tomorrow, but pick your spots wisely!!
Emini and Nasdaq are bullish after today’s runaway reversal – …
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Woah, what a move today!!
Markets reversed and ran higher all day today – big moves like these tell me that “traps” are gonna be the best trades tomorrow, but pick your spots wisely!!
Emini and Nasdaq are bullish after today’s runaway reversal – everyone’s looking for pullbacks, but the secret is using “stops as fuel” with bear traps!
Crude Oil is bearish with a strong move too! I'm looking for shorts off the belly of the weekly range, but don’t be surprised if this reversal squeezes us higher!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 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 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 ..
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