We’re back in the action after Super Bowl Weekend, and the market’s picked-up right where they left off last week; bullish trends and price just keeps climbing higher…
Knowing this, I'm looking for ways to buy pullbacks at support levels, but…
We’re back in the action after Super Bowl Weekend, and the market’s picked-up right where they left off last week; bullish trends and price just keeps climbing higher…
Knowing this, I'm looking for ways to buy pullbacks at support levels, but when I look at the charts tonight, I'm seeing wedges and ranges that tell me to choose wisely…
So before you buy the next pullback, make sure you know where these important support levels are, because this is where I'll be looking for my entries on Tuesday morning…
Emini ES and Crude Oil are both bullish into wedges, so I'll be looking for deep pullbacks to avoid trading inside those wedges.
Gold and Nasdaq, on the other hand, are bullish into ranges, so I'll be looking to guy long off support levels down below the range. Are you with me?
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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 Requir..
