We’re headed into what could be the biggest news day of the week tomorrow morning, and with everyone waiting on the next stimulus deal announcement, I've been busy getting myself ready for all possible outcomes…
Gold and the Eminis are both ra…
We’re headed into what could be the biggest news day of the week tomorrow morning, and with everyone waiting on the next stimulus deal announcement, I've been busy getting myself ready for all possible outcomes…
Gold and the Eminis are both range-bound, so I'll be focused on failures and breakouts, while Crude Oil is just begging for bull traps tomorrow morning. Are you ready? Let’s take a look…
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E-Mini S&P is still bearish and trading back and forth inside the weekly range, so I will continue to look for ways to short the pops above the range until we get a breakout…
Crude Oil is bearish after a massive run lower today, and if you look closely, you'll see there wasn’t a single bull trap the entire session! That lack of deep pullbacks tells there will be selling waiting on the next bounce and I'll be looking to get short at a couple key resistance levels…
Gold is bullish into a narrow trading-range, which tells us to wait for a deep pullback to get long below the trading-range. The challenge, however, is that momentum is a big factor so I'll be looking for “nested” failure patterns…
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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 ..
