Markets were choppy today, but from what I'm seeing on the charts, that’s about to change!!
Sellers have control still, but there are (2) big reasons why a “short squeeze” might be the biggest move of the week!
Emini and Nasdaq are bearish …
Markets were choppy today, but from what I'm seeing on the charts, that’s about to change!!
Sellers have control still, but there are (2) big reasons why a “short squeeze” might be the biggest move of the week!
Emini and Nasdaq are bearish into ranges – I'd love to sell the next deep pullback off today’s low, but these (2) clues tell me to think again!!
Crude Oil is bearish too, but there’s (1) easy clue that tells me this double-bottom reversal might be the best trade to finish the week!
Tomorrow’s the last full day of the week, let’s make it count!!
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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 the risks and be willing to accept them in order to invest in the fu..
