April 9, 2015

2 Ways to SELL a Bear Market | SchoolOfTrade Day Trading Newsletter 04/08/15


“Success is not to be measured by the position someone has reached in
life, but the obstacles he has overcome while trying to succeed.”  -Booker T. Washington
Notes for Tonight’s Newsletter:

Gold filled the gap-target,
and Crude Oil collapsed
$4.00 off Tuesday’s highs which gives us plenty of BIG CLUES going into
Thursday’s session… are you ready?

Crude
Oil
is bearish this evening after moving $4.00 off the highs from Tuesday.
 
We see a bear-channel and a trading-range
to work with, and our focus will be selling overhead resistance with a target
of $50/barrel on Thursday.

Gold
is bearish this evening after filling the ‘holiday weekend gap’
and re-testing the round-number of
$1200/oz.  We have a bear-channel
to work with and lots of resistance levels overhead that we will be looking for
entry patterns to get short on Thursday. 
$1200
makes an easy target for us so we’re excited for another crack at the yellow
metal tomorrow morning!

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