Are you ready for tomorrow’s big inflation report?
We have our first big news report of the week tomorrow morning, and with markets trading sideways inside of ranges, I'll be watching for failures, breakouts, and reversal patterns to trade wit…
Are you ready for tomorrow’s big inflation report?
We have our first big news report of the week tomorrow morning, and with markets trading sideways inside of ranges, I'll be watching for failures, breakouts, and reversal patterns to trade with. Here are my four favorites to look for…
Emini ES, Nasdaq, and Gold are all bullish and range-bound this evening, which means I'll be using those ranges as magnets tomorrow morning. I'll be buying low, selling high, and focusing on failures around the edges of the range…
Crude Oil, however, is bullish with a V-bottom pattern, and buyers appear to be struggling to push through today’s high. Knowing this, I'll be looking for reversal patterns to get short off the highs, or breakout patterns if they try a run up to 60.
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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 - Commod..
