First published at 23:50 UTC on May 9th, 2022.
Woah – Look at the size of that move!
Markets made another big move down today, which means we’re looking to “sell the bounces” tomorrow morning – but which ones are worth trading?
The charts made it easy for us – keep these (3) shorts on your rad…
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Woah – Look at the size of that move!
Markets made another big move down today, which means we’re looking to “sell the bounces” tomorrow morning – but which ones are worth trading?
The charts made it easy for us – keep these (3) shorts on your radar because any one of them could make your entire week!
Emini is bearish into a range, and I'd love to short the high of an expanding triangle – I just need to trap in the buyers first!
Nasdaq is bearish and sitting on major support, and I'm watching (2) trap levels for the best entries…
Crude Oil is bearish too – we’re expecting a range overnight, so be ready to fade those breakouts tomorrow!
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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 ..
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