Woah, what a move today!!
Markets loved Powell’s speech this afternoon, finishing the day with big moves higher for the bulls… an important clue for tomorrow!
Why? Because BIG MOVES like these tell us exactly where to find the “perfect pullback” …
Woah, what a move today!!
Markets loved Powell’s speech this afternoon, finishing the day with big moves higher for the bulls… an important clue for tomorrow!
Why? Because BIG MOVES like these tell us exactly where to find the “perfect pullback” tomorrow morning – you don’t wanna miss this one!
Emini and Nasdaq are bullish with big moves higher – we know buyers want pullbacks, but it’s the SELLERS that tell us where the perfect entry will be tomorrow!
Crude Oil is bullish into a range – I have (3) breakout patterns on my radar, but let’s hope they give us a “bear trap” pullback first!!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 5,000 tick
• Crude Oil = 2,000 tick
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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 Opti..
