We’re going into the final day of March on Tuesday, which tells us to anticipate increased volatility and make adjustments accordingly…
An even bigger clue, however, are all these easy “breakout” clues this evening, because the Emini ES, Crude Oil, and Gold are all trying for breakouts…
Crude Oil is bearish, but a recent breakout below today’s range tells me to anticipate a pendulum-swing back up in the opposite direction…
Knowing this, my goal is to use a “crown reversal” to get long off the low, using the opposite side of the pendulum-swing as my target.
E-Mini S&P Gets Ready for a Breakout…
E-Mini S&P is bullish, and the narrowing of the price-action is a big clue that a breakout is coming soon…
Knowing this, the market is bullish, so I hope the sellers get their breakout first, so I can buy into their stops for a short-covering rally back to re-test the major high.
Gold Triangle Says Focus on the Edges…
Gold is bullish into a triangle this evening, which tells me to look for buying opportunities below the “edges” of the triangle this week…
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.