First published at 23:49 UTC on May 31st, 2023.
June starts tomorrow – are you ready?
Markers are bearish going into the close today, but the 60-minute chart tells us this could be the perfect spot for a BEAR TRAP – are you seeing this?
Emini and Nasdaq are bearish in the short-term, but look W…
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June starts tomorrow – are you ready?
Markers are bearish going into the close today, but the 60-minute chart tells us this could be the perfect spot for a BEAR TRAP – are you seeing this?
Emini and Nasdaq are bearish in the short-term, but look WIDER on the 60-minute and you'll see why I'm looking for Bear Traps right now!
Crude Oil is bearish, sitting on 60m support – I'd love to “buy the dips” and “short the rips” tomorrow – here’s my gameplan!
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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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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 rewards, but also large po..
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