We’re getting prepped for Friday’s trading session and I'm seeing a lot of "hidden" levels for support and resistance -- And with the holiday on Monday, we know tomorrow is most likely going to be a short, but explosive trading sessio…
We’re getting prepped for Friday’s trading session and I'm seeing a lot of "hidden" levels for support and resistance -- And with the holiday on Monday, we know tomorrow is most likely going to be a short, but explosive trading session – let’s get at it!
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Crude Oil is bullish with a strong spike higher, so my plan is to wait for buying opportunities after a ‘2-legged pullback’ down to the hidden support level at 52.10.
E-Mini S&P is bullish and trying to re-test the high, but the lack of strength from the buyers tells me it’s most likely going to be the SELLERS that provide the fuel for the next leg higher.
Nasdaq is bullish within a narrow range, so I’ve added my range expansions and waiting to find set-ups using those hidden support levels tomorrow morning.
Gold is bearish with a triangle, but the big clue is a recent failure from the sellers, which prompts me to look for a bullish correction before selling back down again.
Euro is bearish with a range, telling me to look for selling-opportunities overhead, and I have my eye on the high of a Hidden Channel.
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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 ..
