3 Trend Lines to Watch on Thursday
Markets are still waiting on the final approval of the Coronavirus Stimulus Bill, and while we wait, the markets are range-bound and sideways…
I love range-bound markets, because they tell me exactly where to find the best set-ups, and I see three important trend-lines to watch for tomorrow – are you ready?
Oil Sellers Looking for Another Great Run Back to the Lows…
Crude Oil is range-bound with a recent push higher for the bulls, which tells me to keep focused on selling back into the range, but with the recent spike higher, my plan is to wait for a “nested” failure pattern to get short.
E-Mini Bears Can SMELL This Bull Trap – Can You?
E-Mini S&P is bearish and trying to run back down into the range from earlier today, and with a strong move lower, combined with a shallow pullback and a lower-low, I see the opportunity to sell a 2-Try Trap off the high of a new hidden-channel.
Gold has Two Major Trend Lines to Watch on Thursday
Gold is bearish into a narrow trading-range, telling me to look for ways to get short above the range tomorrow morning, and I can see the perfect location where two trend-lines combine together!
