Have We Gone Too Far? (Best Setups For Wed.)
(Video length 00:49:18)
We’re headed into the final day of trading before the Thanksgiving Holiday weekend, which means traders will be hunting for the best entry setups before the closing bell tomorrow…
The markets had another strong day today, with big runs on the Eminis, Crude Oil, and Gold. It’s tempting to think we’ve gone too far, but not to worry; I can see a bunch of reliable trading opportunities setting up for Wednesday. Let’s get started…
E-Mini Buyers Waiting for Their Shot to Reload Before All-Time Highs…
E-Mini S&P is bullish with a Spike & Range pattern, which tells us to look for buy setups at support levels just below the range tomorrow morning. I have my eye on the low of an expanding triangle with a nested failure pattern for the entry…
Crude Oil Buyers Will Be Waiting for a DEEP Pullback…
Crude Oil is bullish with a runaway market today, which appears to have “gone too far” for any buyers to in without a deep pullback off these highs. Knowing this, I’ll be waiting for a pullback down to 44.36 and look for opportunities to catch sellers on the wrong side of the market…
Gold sellers Need to ‘Thread the Needle’ to Keep Control…
Gold is bearish with a spike and channel pattern, which tells us to look for sell setups up near the base of the channel. There’s just one problem, a rising support trend-line, which opens the door for a bullish reversal running higher…
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...
more
Comments
