First published at 23:22 UTC on September 28th, 2020.
We’re back to our desk for the final week of September and markets didn’t waste any time getting to work this morning with strong moves higher for the bulls…
But as of this evening’s closing bell, I'm seeing lots of ranges and resistance level…
MORE
We’re back to our desk for the final week of September and markets didn’t waste any time getting to work this morning with strong moves higher for the bulls…
But as of this evening’s closing bell, I'm seeing lots of ranges and resistance levels overhead, which has me wondering… can buyers hold this breakout?
--------------------
Learn my (4) Four Best Trade Setups with My Free Trading Course:
http://www.schooloftrade.com/trial
Join the Trade Room as an Advanced Member:
http://www.schooloftrade.com/
-----------------------------------------
E-Mini S&P is bullish with a Spike & Range pattern, which tells me to look for buy setups using failure patterns below the range lows…
But that’s not the only clue for the Eminis; a recent “failed rotation” is a big clue that these buyers may have reached exhaustion, so I'll be looking for sell setups to get short with the proper trigger…
Crude Oil is bullish and trying for a breakout of last week’s trading-range; the range is a magnet, and with price trading near today’s high, I'll be looking to get short with buyer failure patterns tomorrow morning…
Gold is bullish and trying desperately to break free of last week’s trading-range, but we’re not quite there yet…
Look closely, and you'll see Gold trading at three key resistance levels above the range, which tells me to plan on getting short with right entry setup tomorrow morning…
--------------------
Watch More Videos on our Trading Blog:
http://www.sidewaysmarkets.com/
--------------------
Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
--------------------
Contact the office for more information:
[email protected]
800.381.2084
Skype: Megan.James12345
----------------------------------------------
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 suppo..
LESS