January 15, 2016
- in Uncategorized by schooloftrade
Volatility Strategy for Friday | Crude Oil, Gold, E-mini & Euro Futures 01/14/16
“Your
family, your business, and your health must all be cultivated like a garden.
Time, effort, and imagination must be used constantly to keep your life
flourishing and growing.”
family, your business, and your health must all be cultivated like a garden.
Time, effort, and imagination must be used constantly to keep your life
flourishing and growing.”
Notes for Tonight’s Newsletter:
Crude
Oil is range-bound
and trading at the highs which means sellers will be looking for buyers to fail
on the next pullback
to sell the highs with a target back at range lows. We have been trading inside the same range
since Tuesday, and although the buyers took control in today’s session we can
easily see the test of yesterday’s high was followed with a failed 2nd
attempt to push it higher, and when you combine that with the range high
you know the buyers are walking on thin ice.
Sellers want to see buyers fail on this pullback,
even if it pushes back to the highs, while the bulls need to see this pullback
hold if they want the confidence to buy up to a target at Tuesday’s high of
32.21.
Oil is range-bound
and trading at the highs which means sellers will be looking for buyers to fail
on the next pullback
to sell the highs with a target back at range lows. We have been trading inside the same range
since Tuesday, and although the buyers took control in today’s session we can
easily see the test of yesterday’s high was followed with a failed 2nd
attempt to push it higher, and when you combine that with the range high
you know the buyers are walking on thin ice.
Sellers want to see buyers fail on this pullback,
even if it pushes back to the highs, while the bulls need to see this pullback
hold if they want the confidence to buy up to a target at Tuesday’s high of
32.21.
E-mini
S&P is bullish with a spike
& channel this evening which tells us to wait for a deep correction off
the highs for the most reliable buying opportunities tomorrow, and if they fail we
have a big target back at today’s low.
Buyers responded with strength today, trapping the sellers at the lows
and shooting higher. At this point most
buyers will be waiting for a test down around 1895.00
before getting back into this move, and sellers will be patiently waiting to
sell into failed pullbacks
with a target back at today’s low and major support around 1870.00.
S&P is bullish with a spike
& channel this evening which tells us to wait for a deep correction off
the highs for the most reliable buying opportunities tomorrow, and if they fail we
have a big target back at today’s low.
Buyers responded with strength today, trapping the sellers at the lows
and shooting higher. At this point most
buyers will be waiting for a test down around 1895.00
before getting back into this move, and sellers will be patiently waiting to
sell into failed pullbacks
with a target back at today’s low and major support around 1870.00.
Gold
is bearish but oversold this evening after an overshoot of the measured-move
and channel-lows, telling us that
sellers will be looking for a deep correction higher before they look for
failed pullbacks
to get short tomorrow. Sellers have
control but price is too low to sell here for most ‘bears’ so we will look for
a test of overhead resistance
and then sell into buyer-failures. The
buyers need to hold the next pullback
to grab control, and even then they need to be careful buying into overhead
resistance.
is bearish but oversold this evening after an overshoot of the measured-move
and channel-lows, telling us that
sellers will be looking for a deep correction higher before they look for
failed pullbacks
to get short tomorrow. Sellers have
control but price is too low to sell here for most ‘bears’ so we will look for
a test of overhead resistance
and then sell into buyer-failures. The
buyers need to hold the next pullback
to grab control, and even then they need to be careful buying into overhead
resistance.
Euro
is trading inside a megaphone
this evening as price whipped around from high to low on incredible volatility
today which tells us to look to buy lows and sell highs until we see a trend
direction. We have 2 tests of both the
highs and the lows which tells us a 3rd and final test may be in the cards
tomorrow back to the highs, while the recent bear
channel tells us this market may choose to run back to Thursday’s
lows. Buyers need to see a new higher-high
and hold the pullback to the moving-average. Sellers want to see a correction higher and
then a failed pullback to get short off the range-lows with a target back at
the megaphone
lows and 8261 target.
is trading inside a megaphone
this evening as price whipped around from high to low on incredible volatility
today which tells us to look to buy lows and sell highs until we see a trend
direction. We have 2 tests of both the
highs and the lows which tells us a 3rd and final test may be in the cards
tomorrow back to the highs, while the recent bear
channel tells us this market may choose to run back to Thursday’s
lows. Buyers need to see a new higher-high
and hold the pullback to the moving-average. Sellers want to see a correction higher and
then a failed pullback to get short off the range-lows with a target back at
the megaphone
lows and 8261 target.
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