The markets continued to push higher today, extending their bull rally and finishing out the best quarter since 1998!
But with so many buyers in the market – who’s left to keep buying at such high prices? This might be a perfect time to get short – but first, let’s check the charts to find the best entries – are you ready?
It’s Tempting to Short this Emini…
E-Mini S&P is bullish and pulling back off today’s new high, which looks great for a pullback, until you look left and see that we’re sitting right at major resistance; I need to look for traps on Wednesday morning…
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This Wide Range on Oil is a BIG Clue…
Crude Oil is bullish and trading at the high of a wide trading-range, which reminds me that buying the highs isn’t a good plan;I need a pullback to the range low, or a breakout to new highs.
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Gold’s Narrow Range Tells the Whole Story…
Gold is bullish into a narrow trading-range at 1800, a major resistance target; this reminds me to stay patient and wait for a DEEP pullback before I look to buy into sellers’ stops tomorrow morning.
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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.
