October 28, 2015
- in Uncategorized by schooloftrade
Profit from FOMC News ‘Traps’ | Crude Oil, Gold, E-mini & Euro Futures 10/28/15
“We
must train from the inside out. Using our strengths to attack and nullify any
weaknesses. It’s not about denying a weakness may exist but about denying its
right to persist.”
must train from the inside out. Using our strengths to attack and nullify any
weaknesses. It’s not about denying a weakness may exist but about denying its
right to persist.”
Notes for Tonight’s Newsletter:
Crude
Oil is bullish after today’s dramatic reaction to the FOMC
announcement, but we have a measured-move
acting as big resistance overhead, and combined with the spike
and channel we saw today we will be patient to wait for a deep-correction
before buying tomorrow. The measured-move
tells us the buyers have pushed to their extremes and the spike
and channel tells us the majority of the big players are already in long,
which makes buying a little aggressive until we see a deep-pullback
that can HOLD off the sellers who will be trying to pick a top.
Oil is bullish after today’s dramatic reaction to the FOMC
announcement, but we have a measured-move
acting as big resistance overhead, and combined with the spike
and channel we saw today we will be patient to wait for a deep-correction
before buying tomorrow. The measured-move
tells us the buyers have pushed to their extremes and the spike
and channel tells us the majority of the big players are already in long,
which makes buying a little aggressive until we see a deep-pullback
that can HOLD off the sellers who will be trying to pick a top.
E-mini
S&P is range-bound but we have some significant clues telling us the
buyers are likely going to try and wrestle this market away from the range-bound
sellers tomorrow morning and we have a clear area of interest from 2075.00 down
to 2070.00 to watch tomorrow. The buyers
CLEARLY grabbed as many contracts they could get their hands on after today’s FOMC
announcement and finished the day at the highs, but the range-day
overall tells us to be suspicious on the next pullback,
so we will be watching!
S&P is range-bound but we have some significant clues telling us the
buyers are likely going to try and wrestle this market away from the range-bound
sellers tomorrow morning and we have a clear area of interest from 2075.00 down
to 2070.00 to watch tomorrow. The buyers
CLEARLY grabbed as many contracts they could get their hands on after today’s FOMC
announcement and finished the day at the highs, but the range-day
overall tells us to be suspicious on the next pullback,
so we will be watching!
Gold
is bearish this evening with a rare quadruple-tiered
bearish channel which tells us the sellers have control, but they are going
to need to work very hard to keep control tomorrow and we have a clear
correction area to work with tomorrow.
Our plan will be to use this massive channel to play both sides of the
market with traps.
is bearish this evening with a rare quadruple-tiered
bearish channel which tells us the sellers have control, but they are going
to need to work very hard to keep control tomorrow and we have a clear
correction area to work with tomorrow.
Our plan will be to use this massive channel to play both sides of the
market with traps.
Euro
is bearish after the news today with a strong move lower, but we have some
concerns over the big-round-number
of 1000 along with the size of the channel on the way down which means tomorrow
could easily reverse higher, and we have a plan to know WHERE to look for that
move back higher. The spike
and channel will likely correct higher up to 1.0963, which is where the
sellers MUST hold price or it will move higher to 1.1000. Once we get back to the big-round-number
we will watch the moving-average
closely to see WHO takes control, and if the sellers can’t take control we will
easily run back to the beginning of this move at 1.1100.
is bearish after the news today with a strong move lower, but we have some
concerns over the big-round-number
of 1000 along with the size of the channel on the way down which means tomorrow
could easily reverse higher, and we have a plan to know WHERE to look for that
move back higher. The spike
and channel will likely correct higher up to 1.0963, which is where the
sellers MUST hold price or it will move higher to 1.1000. Once we get back to the big-round-number
we will watch the moving-average
closely to see WHO takes control, and if the sellers can’t take control we will
easily run back to the beginning of this move at 1.1100.
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