First published at 23:26 UTC on May 16th, 2022.
Oh boy, here we go again!
Eminis are range-bound, and Crude Oil’s trending higher – they both have plenty of trades to look for, but my favorite on BOTH are these double-top reversals!
Emini and Nasdaq are bearish into ranges – I'm expecting …
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Oh boy, here we go again!
Eminis are range-bound, and Crude Oil’s trending higher – they both have plenty of trades to look for, but my favorite on BOTH are these double-top reversals!
Emini and Nasdaq are bearish into ranges – I'm expecting a breakout running lower, but I'm praying we get this double-top reversal first!
Crude Oil is bullish with a strong run higher today – I'm looking for a deep, 2-legged pullback to “buy the dip” then finish the day with a double-top reversal!
With major news tomorrow morning, you don’t wanna miss these!
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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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 optio..
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