Markets continued their slide lower today, finishing the day at major support with trading-ranges above us…
Major support, range above us… sellers need to hold this next pullback, or this 'Fake-Out Breakout' could turn into one of the big…
Markets continued their slide lower today, finishing the day at major support with trading-ranges above us…
Major support, range above us… sellers need to hold this next pullback, or this 'Fake-Out Breakout' could turn into one of the biggest trades of the week!
Emini and Nasdaq are bearish with another strong move higher, but we’re sitting at major lows, with a range above us – perfect recipe for a 'fake-out breakout' reversal!
Crude Oil is bearish into major support too, and that range above us will make an easy magnet if sellers can't hold this next pullback!
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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 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 pote..
