Everything is bullish going into Thursday’s trading session, but it's hard to find a safe way to get long right now – here’s why…
Emini, Nasdaq and Crude Oil are all trading into resistance levels above today’s range…
Ranges act like magnets …
Everything is bullish going into Thursday’s trading session, but it's hard to find a safe way to get long right now – here’s why…
Emini, Nasdaq and Crude Oil are all trading into resistance levels above today’s range…
Ranges act like magnets – so I can't get long until we see PROOF of a breakout…
In the meantime, I'll be looking for what I call “exhaustion reversals” off these highs – let me show you what it looks like…
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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 futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell future..
