Here are the charts I mentioned in today's video:
Emini 60m Spike and channel - https://prnt.sc/C7zWmmAgabiz
Nasdaq 60min Bull Wedge - https://prnt.sc/vjmEexQDGmCY
Crude Oil 60min Resistance - https://prnt.sc/sqC7SeiKaJJc
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Back from Holiday – Let’s Do This!
Markets are bullish overall, but this “rotation off the high” might give sellers some excellent *BULL TRAPS* on the way lower…
Pick our spots wisely – we can't chase it lower, so keep this “hidden” channel on your radar and be ready for the signal!
Emini and Nasdaq are bearish as price “rotates” off today’s high – buyers will likely be waiting at key support below, so focus on BULL TRAPS before we get there!
Crude Oil is bullish and we just retested today’s high – I'd love a 123-breakout pattern going higher, but I won’t hesitate if I see this Crown Reversal to short!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 2,000 tick
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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 Serv..
