Oh boy, here we go again!!
Everything is bearish tonight, but look closely and you'll see plenty of clues telling us that reversals are where the bigger move could be tomorrow – don’t force it, wait for these signals tomorrow!
The Emini is be…
Oh boy, here we go again!!
Everything is bearish tonight, but look closely and you'll see plenty of clues telling us that reversals are where the bigger move could be tomorrow – don’t force it, wait for these signals tomorrow!
The Emini is bearish into a range, but look closely and you'll see we’re trading at the lows of a much larger range, telling us to fade the breakouts!!
The Nasdaq is bearish into a range, but did you see that range above us from earlier today? Multiple ranges on the chart tell us to “trade the rotation” back and forth!!
Crude Oil is bearish, but that big move higher on Friday, combined with this “bull flag” today tells us the better side will be the reversal side!!
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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 p..
