Bears are back in control with a BIG move down today, telling us to look for (3) possible pullback entries tomorrow – my favorite is this “bull trap” pullback!
Emini and Nasdaq both made large moves lower today, telling us the best setups tomorrow …
Bears are back in control with a BIG move down today, telling us to look for (3) possible pullback entries tomorrow – my favorite is this “bull trap” pullback!
Emini and Nasdaq both made large moves lower today, telling us the best setups tomorrow will be “trapping in the bulls” for another leg lower.
Crude Oil is bullish with price rotating up off today’s low. I'd love to grab a bear trap on the next pullback, but I'll settle for one of these breakouts 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 the risks and be willing to accept ..
