Our favorite markets “caught a bid” this morning and never looked back, finishing today’s session up near their highs – but I keep asking myself, “can they hold this rally” going into Tuesday?
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Learn my (4) Four Favorite Set-Up…
Our favorite markets “caught a bid” this morning and never looked back, finishing today’s session up near their highs – but I keep asking myself, “can they hold this rally” going into Tuesday?
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Learn my (4) Four Favorite Set-Ups with My Free Trading Course:
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E-Mini S&P is bullish with a strong 3-legged move higher today; the strength of this move is a big clue, telling me to keep my eyes open for buy setups off the low of a hidden channel down around 3233 tomorrow morning.
Crude Oil is bullish and trying to break free of today’s trading-range; buyers made a strong run higher to finish today’s session going sideways, and that new range tells me to look for seller failures to get long around 40.60 on Tuesday.
Gold is bullish and trading inside a range after a wild session today; with the bulls in firm control, and the Fed promising more stimulus, I'm looking for buy setups below the range using an expanding triangle or a 123-breakout tomorrow morning
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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 Busi..
