Everything looks bullish in the wake of this afternoon’s FOMC Announcement, which tells me to look for buy setups at key support levels on Thursday morning…
But biggest clue, was what DIDN’T happen today; the sellers failed to complete rotation on…
Everything looks bullish in the wake of this afternoon’s FOMC Announcement, which tells me to look for buy setups at key support levels on Thursday morning…
But biggest clue, was what DIDN’T happen today; the sellers failed to complete rotation on Crude Oil, Gold and the Emini, which is a key signal to stay focused on the long side – here’s my plan at attack…
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E-Mini S&P is bullish into either a Spike & Range or a spike and channel pattern; in both these situations the best plan is to buy a deep pullback with a seller failure pattern, but I can also see a big target overhead so I'm keeping my eyes open for two breakout patterns…
Crude Oil is bullish into a range this evening; the sellers failed their rotation going lower, which tells me to look for either a seller failure to buy below the range or a 123-breakout to new highs on Thursday…
Gold is bullish with a Spike & Range Pattern; today’s trading-range is the big clue, telling me to look for buy setups using seller failures below the range, or a 2-Try breakout pattern to new highs
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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 d..
