It's hard to find a place to get short right now!
Gold completed it's 'pendulum swing pullback’ off today’s low and looks ready to make another run higher, and the Eminis finished their session with bulls back in control again too!
…
It's hard to find a place to get short right now!
Gold completed it's 'pendulum swing pullback’ off today’s low and looks ready to make another run higher, and the Eminis finished their session with bulls back in control again too!
The biggest clue, however, is the fact that it's nearly impossible to find a decent way to get short! Knowing this, I'll be looking for ways to buy pullbacks and breakouts on Wednesday morning – here are my favorite trades to watch…
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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 ..
