We’re headed into a Holiday Weekend, which means our window of opportunity will be much smaller, and we’ll have to be disciplined tomorrow morning…
Speaking of disciplined, there are traps GALORE on the charts tonight, so we need to “thread the nee…
We’re headed into a Holiday Weekend, which means our window of opportunity will be much smaller, and we’ll have to be disciplined tomorrow morning…
Speaking of disciplined, there are traps GALORE on the charts tonight, so we need to “thread the needle” to finish tomorrow in the green – are you with me?
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Crude Oil is bearish, but we’re sitting just below today’s bullish range, which will likely act like a price magnet – so I'm looking for ways to trap the sellers on the wrong side of this range for a rally back up to the highs.
E-Mini S&P is bearish and also trading just below a range, but unlike Oil, this market’s been bearish all day, and I'm looking for ways to “thread the needle” getting short off the highs…
Gold is bearish with two strong legs down for the sellers, and as we pull back off today’s low, I'm watching three key resistance levels overhead to get short. My only challenge is a rising support trend-line, telling me to look for trap entries to avoid selling into support.
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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...
