Trading the Collapse (Sell the Pops!)
Markets collapsed this afternoon after news circulated that stimulus talks would be postponed until after the Election in November…
With the markets tumbling lower, my plan is to stay patient and focus on sell…
Trading the Collapse (Sell the Pops!)
Markets collapsed this afternoon after news circulated that stimulus talks would be postponed until after the Election in November…
With the markets tumbling lower, my plan is to stay patient and focus on selling into pops around key resistance levels overhead. Let me show you where…
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E-Mini S&P is bearish into a spike and channel pattern; my plan is to look for sell setups just above the high of the bear channel, using buyer failure patterns to catch the bulls getting greedy…
Crude Oil is bearish with a strong shot lower off today’s high; the strength of this move is the key, telling me to expect another leg lower, and I'll be looking to get short with bull-traps around the high of a new hidden channel…
Gold is bearish with a strong 2-legged move running lower; the strength of this recent move tells us to expect another leg lower, and I'll be looking for sell setups around the reversal-line resistance at 1895 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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