Markets are eagerly waiting for this new $3 Trillion Coronavirus Stimulus Bill, and my job this evening is to get us ready for all the different set-ups we may see tomorrow…
I see Crude Oil and Emini ES working with ranges, and a strong 123-reversal on Gold, are you ready for the next big move? Let’s go…
Is Crude Oil Finally at the Bottom?
Crude Oil is range-bound with a bullish bias tonight, trading just above the highs of the range, which is a critical place for buyers and sellers…
I can sell the highs with a buyer-failure pattern, or I can trade the bull breakout with a 2-Try Trap as we go higher, it all depends on the next few hours…
Emini’s Waiting on the Stimulus Bill
E-Mini S&P is bearish and range-bound as it waits for more updates on this new Coronavirus stimulus package in the US, telling me to focus on selling high and buying low…
Buying low? But who can trust the buyers right now? I’m going to need a clear “nested” seller-failure to buy these lows right now…
And what if they get the deal approved tonight? Look for a strong bullish reaction, and I’ll be looking for 123-reversals and spike & channel patterns if they get it…
Love this Rally on Gold, Here’s Why...
Gold is bullish with a strong run higher into the closing bell today, telling me to expect a reliable buying opportunity after the next deep pullback off the high…
Knowing this, I’m watching the low of a new hidden-channel for seller-failures, as well as a Spike & channel if the market keeps grinding higher..
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.