We’re headed into a big news day on Wednesday, and with markets pushing to new highs on low volume today, I keep thinking this might be the top of this rally and ripe for a reversal…
Is it time to start looking short? I'll bet a lot of people…
We’re headed into a big news day on Wednesday, and with markets pushing to new highs on low volume today, I keep thinking this might be the top of this rally and ripe for a reversal…
Is it time to start looking short? I'll bet a lot of people are thinking the same thing, and I want to be ready for the most reliable entry setups – are you with me? Lets go…
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E-Mini S&P is bullish, but we’re trading right at today’s high, which is a horrible place to start buying, so I'm going to wait for the next pullback and look to get long into the stops of the sellers who try calling this top…
Crude Oil is bullish and finished today’s session three legs up off yesterday’s low, which usually means a range is coming tomorrow, so my plan will be to fade the bear breakouts, i.e., buying below the range with seller failures.
Gold is bearish with a Spike & Range pattern, which tells me to look for buyer failure patterns to get short up around the high of a hidden channel coming down overhead.
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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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