Weekend’s over – back to work!
Everything’s bearish right now, with sellers looking for another leg lower tomorrow…
But did you see where we ended today? Could today’s move lower be setting-up a massive short squeeze for tomorrow? I sure hope so…
Weekend’s over – back to work!
Everything’s bearish right now, with sellers looking for another leg lower tomorrow…
But did you see where we ended today? Could today’s move lower be setting-up a massive short squeeze for tomorrow? I sure hope so, here’s why!
Emini and Nasdaq are bearish, but we’re sitting right on last Friday’s Non-Farm Payroll lows! I'm looking to short the next good signals, but I hope we get this squeeze instead!
Crude Oil is bearish with a massive run lower – sellers will be eager to short the next bounce, but timing the entry might not be as easy as you think!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 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 Optio..
