Markets appear bullish going into Friday’s trading session, but look closely and you'll see quite a few reasons to stick with the short side to finish the week…
Emini ES is trading at the high of the weekly range, Crude Oil screams of exhausti…
Markets appear bullish going into Friday’s trading session, but look closely and you'll see quite a few reasons to stick with the short side to finish the week…
Emini ES is trading at the high of the weekly range, Crude Oil screams of exhaustion and the bounce on Gold appears to be nothing more than a bear flag…
There’s only one problem. Momentum. With the bulls in short-term control, I'll need to stay patient for the best failure patterns to trigger the entries.
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E-Mini S&P is bullish and trading up at the high of the weekly range which is a horrible place to start buying. I'd rather get short off these highs with a “nested” failure pattern tomorrow morning…
Crude Oil is bullish with a strong bounce after yesterday’s bloodbath, but look closely and you'll see the bulls never completed their mission today, giving me reason to get short with bull traps on Friday morning…
Gold might appear bullish at first glance, but seeing price grind up the moving-average tells us this is likely just a bear flag. Bear flags can be tricky, the key is to use the underbelly of the bull channel as key resistance for the short…
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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 mentio..
