First published at 23:43 UTC on August 10th, 2022.
What a move, what a day!!!
Markets spiked higher after today’s CPI Report, and since we never got that DEEP pullback today… you better be ready for this “bear trap” tomorrow!
Emini and Nasdaq are bullish and I'm watching for a breakout tomorr…
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What a move, what a day!!!
Markets spiked higher after today’s CPI Report, and since we never got that DEEP pullback today… you better be ready for this “bear trap” tomorrow!
Emini and Nasdaq are bullish and I'm watching for a breakout tomorrow, but I want this “bear trap pullback” even more!!
Crude Oil is bullish with a strong spike higher, but I have (3) reasons why sellers will be looking for a reversal back to $90 tomorrow morning!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 2,000 tick
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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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