September 8, 2015
- in Uncategorized by schooloftrade
6 Ways to Trade inside a Range | Crude Oil, Gold, E-mini & Euro Futures 09/08/15
“Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads.”
Notes for Tonight’s Newsletter:
We have a lot of ‘ranges’ on the charts this evening, which means ROTATION will be our main focus this week; Crude Oil, Gold, and Euro are rotating higher off the lows while the E-Mini S&P has already completed its rotation so we are looking for failure… are you ready for tomorrow?
Crude Oil is bullish this evening as the buyers rotate this price from the lows up to the highs of the range. We can see a bull-channel which we will use for the best buying opportunities on the way higher, keeping an eye on a target back near the highs of the range.
E-mini S&P is rotating nicely from the range lows all the way up to the range highs, and with the completion of the rotation we will be looking for buyers to fail at the highs for selling opportunities back down to the lows… but we must wait for PROOF!
Gold is rotating higher up off the lows of the range from last week but running into resistance at the highs of a major bear-channel so we have a battle going on, and we are waiting patiently to see who wins!
Euro is bullish as buyers rotate the price off the range lows this evening. Range-rotation says to keep looking for buying opportunities tomorrow; however, channel-rotation tells us to expect price to dip lower before it makes the next push higher.
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