What a great run higher today! But wait, did we take this too far?
Yes, all of these markets are bullish, but as the day finished, we’re starting to see signs that we might have taken this a little too far…
Emini ES and Gold look ripe for a short…
What a great run higher today! But wait, did we take this too far?
Yes, all of these markets are bullish, but as the day finished, we’re starting to see signs that we might have taken this a little too far…
Emini ES and Gold look ripe for a short off today’s high, while the Nasdaq still shows signs of strength.
What’s the safest way to short these highs? Shouldn’t we be buying pullbacks? And what’s the plan if we go sideways tomorrow?
Not to worry, I'll cover all the details in tonight’s video, so be sure to watch!
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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 potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't..
