Too Early to Buy the Bounce? 4 Patterns for Thursday
Long-term trends might be bearish, but from what I'm seeing on the charts tonight, the buyers hold all the cards for tomorrow morning…
With Crude Oil sitting just below the weekly range, G…
Too Early to Buy the Bounce? 4 Patterns for Thursday
Long-term trends might be bearish, but from what I'm seeing on the charts tonight, the buyers hold all the cards for tomorrow morning…
With Crude Oil sitting just below the weekly range, Gold sitting pretty in a bullish triangle, and bullish rotation coming off the low on the Eminis, I keep asking myself – is it too early to buy this bounce? Here’s my plan for Thursday…
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Crude Oil is trading at the lows of a multi-day range, which is an excellent place to look for longs, but the short-term momentum has been so bearish that I'm waiting for “traps” to pull the trigger tomorrow morning…
E-Mini S&P may still be dizzy from today’s collapse, but a strong bounce off today’s lows looks strong enough to give the buyers enough momentum to go back to yesterday’s close…
Gold is bullish into a triangle pattern, which has me looking for entries at “hidden” support levels and bull breakouts for a retest of prior highs…
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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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