We’re getting ready to finish up the 2nd week of September tomorrow morning, and with today’s bearish lunchtime reversal, I’ll be looking for sell setups off key resistance levels overhead…
But the big question on everyone’s mind tonight is – can the bears finish this massive pendulum swing all the way back to the lows?
E-Mini S&P Sellers Waiting to Short the Next Pop…
E-Mini S&P is bearish and finished today’s session going sideways with a range, which tells me to look for sell setups using buyer failure patterns at key resistance levels above the range.
Crude Oil Bears Waiting for the Breakout Pullback…
Crude Oil is bearish and just recently made a strong breakout of today’s range; the strength of the breakout is the big clue, telling me to get aggressive with the right entry pattern on the next pullback.
Gold Sellers Looking to Complete the Pendulum Swing…
Gold is bearish after buyers failed to hold a range breakout this afternoon; we have a 123-Reversal on the chart, so I’m looking to get short off the high of a hidden channel with my target down at the pendulum swing.
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...
Disclaimer: Join our Free Trading Course. 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 potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
