First published at 01:12 UTC on November 15th, 2022.
Weekend's over – back to work we go!
Markets are bearish going into the close today, but there are (2) two big reasons why this might be the perfect *BEAR TRAP* to make some easy profit tomorrow – here’s why!
Emini and Nasdaq are bearish with…
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Weekend's over – back to work we go!
Markets are bearish going into the close today, but there are (2) two big reasons why this might be the perfect *BEAR TRAP* to make some easy profit tomorrow – here’s why!
Emini and Nasdaq are bearish with strong moves lower, but we have a range above us, and major support below – the perfect recipe for a bear trap!
Crude Oil is bearish with a strong move lower – sellers definitely have potential to keep this grinding lower, but if they struggle, this Crown Reversal could be an easy winner!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 4,000 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 Options trading have large potential rewards, but also large poten..
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