This end of month volatility isn’t over yet – new month and more big news coming tomorrow…
Everything is bearish going into December 1st, and we have a handful of “spike and channel” patterns telling us exactly where to find the best entries…
Emin…
This end of month volatility isn’t over yet – new month and more big news coming tomorrow…
Everything is bearish going into December 1st, and we have a handful of “spike and channel” patterns telling us exactly where to find the best entries…
Emini has a bear spike and channel, so I'm looking for shorts up near the “base” of that channel…
Nasdaq is bearish with a Spike & Range pattern – but unlike the Emini, there’s a support trend-line coming up from the lows which might give buyers a chance to grab a reversal back to the highs…
Crude Oil is bearish too, and an “overshoot” of the spike and channel tells me exactly where I should be watching for another short tomorrow morning…
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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 Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rew..
