We had another busy day in the markets today; the Eminis pushed to new all-time highs, while Gold and Crude Oil both collapsed and ran lower…
But the big clue today was how the market finished, on strength. All three of these markets finished the …
We had another busy day in the markets today; the Eminis pushed to new all-time highs, while Gold and Crude Oil both collapsed and ran lower…
But the big clue today was how the market finished, on strength. All three of these markets finished the day either at their highs or lows, which means there will be plenty of traders waiting to “buy/sell the pop” on Thursday morning…
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E-Mini S&P is bullish with a strong run higher today; with bulls in control, my plan is to buy a pullback to support levels, but with a few different levels on my radar, I need to wait for the pullback to confirm which entry pattern will work best…
Crude Oil is bearish with a spike and channel pattern; we never got a deep pullback after today’s inventory report, and with such strong bearish momentum I'll be looking to sell the pop off today’s lows…
Gold is bearish after a successful range breakout; with the bears in control, I'm looking to sell the next pop off the lows, and with today’s range acting as a magnet, I'll be staying patient for the best entry…
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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 discoura..
