Our favorite markets turned bearish and ran lower today, which tells me that professionals will be waiting to “sell the bounces” on Thursday…
Crude Oil and the Emini ES ended the session in a range, while Gold gave us a wide channel to sell off the high – are you ready? Let’s dig in…
E-Mini Bears Waiting to Sell the Bounce…
E-Mini S&P is bearish with a strong run lower into a trading-range, which tells me to look for buyer failure patterns at resistance levels to sell above the range…
Crude Oil Sellers Looking for Bull Traps…
Crude Oil is bearish into a range; my goal is to sell above the range highs, but we with a support trend-line coming up from below, I need to wait for bull traps to get short tomorrow morning…
Gold Combines a Channel & Range…
Gold is bearish and trading at the low of a wide channel, which tells me to look for sell setups off the high, but the width of this range reminds that nested failure patterns will be key.
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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.
