Markets are bullish going into Wednesday’s trading session, and with such strong momentum going higher, I have three basic scenarios I’m getting ready for…
Crude Oil is Running into Resistance!
Crude Oil is bullish into a range, which tells me to look for buying opportunities at both the highs and lows of the range with the correct entry pattern.
E-Mini S&P Says Look for the DEEP Pullback
E-Mini S&P is bullish with a Spike & Channel, which tells me to look for buying opportunities after a DEEP pullback, reminding me to watch momentum closely during the pullback.
Nasdaq May Have Failed Off the High
Nasdaq is bullish and failing at the high of a range tonight, which tells me to wait for momentum to swing back to the low of the range before I start looking for buying opportunities on Wednesday.
Gold is a Runaway (But Will It Last?)
Gold is bullish with strong momentum running higher, but the real clue is what we DIDN’T see on the chart tonight, which gives me two possible scenarios for tomorrow morning.
Euro is on a Mission to the Measured-Move
Euro is bullish with a strong breakout above last week’s range, and my plan is to use this momentum to buy pullbacks on the way to the measured move target.
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.
