Markets are bullish going into Wednesday’s trading session, and with such strong momentum going higher, I have three (3) scenarios I'm getting ready for
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Markets are bullish going into Wednesday’s trading session, and with such strong momentum going higher, I have three (3) scenarios I'm getting ready for
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
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Crude Oil is bullish into a range, which tells me to look for buying opportunities at both the highs and lows of the range tomorrow morning.
E-Mini S&P is bullish with a Spike & Channel, which tells me to look for buying opportunities after a DEEP pullback, reminding me to watch momentum closely during the pullback.
Nasdaq is bullish and failing at the high of a range tonight, which tells me to wait for momentum to swing back to the low of the range before I start looking for buying opportunities on Wednesday.
Gold is bullish with strong momentum running higher, but the real clue is what we DIDN’T see on the chart tonight, which gives me two possible scenarios for tomorrow morning.
Euro is bullish with a strong breakout above last week’s range, and my plan is to use this momentum to buy pullbacks on the way to the measured-move target.
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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 mat..
