January 19, 2016
- in Uncategorized by schooloftrade
Big Targets for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 01/19/16
“The
ultimate reason for setting goals is to entice you to become the person it
takes to achieve them.”
ultimate reason for setting goals is to entice you to become the person it
takes to achieve them.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish and rotating
lower off the highs of a bear channel
on the way to completing the measured-move
which tells us to keep selling but today’s closing price is right at the lows so we will be
looking for a bull-trap
at the high for the most reliable selling opportunity. We can see the bear channel
and the sellers will be shooting for the lows along with completing the measured-move
but this little range at the end of the day just broke to the LOWS which almost
always fail so we will look for the buyers to send it higher and then selling
into their failure
tomorrow.
Oil is bearish and rotating
lower off the highs of a bear channel
on the way to completing the measured-move
which tells us to keep selling but today’s closing price is right at the lows so we will be
looking for a bull-trap
at the high for the most reliable selling opportunity. We can see the bear channel
and the sellers will be shooting for the lows along with completing the measured-move
but this little range at the end of the day just broke to the LOWS which almost
always fail so we will look for the buyers to send it higher and then selling
into their failure
tomorrow.
E-mini
S&P is bearish with a short-term correction
up off today’s low which means sellers are waiting for this pullback
to fail and the buyers need to hold this pullback
if they want to take control tomorrow. The
bears had control for the majority of the session today until they finished the
measured-move
and took their profit. Now the buyers
need to take control by holding this pullback, and if they fail the sellers
will send this back to the lows once again.
If the buyers hold this pullback
we will look for a measured-move
higher tomorrow.
S&P is bearish with a short-term correction
up off today’s low which means sellers are waiting for this pullback
to fail and the buyers need to hold this pullback
if they want to take control tomorrow. The
bears had control for the majority of the session today until they finished the
measured-move
and took their profit. Now the buyers
need to take control by holding this pullback, and if they fail the sellers
will send this back to the lows once again.
If the buyers hold this pullback
we will look for a measured-move
higher tomorrow.
Gold
is bearish and range-bound
this evening and our plan is to look for rotation
down to the lows of the range and bear channel
this evening with a measured-move
target waiting below. Today’s price-action
was very sloppy but with the sellers clearly responding to the highs of the new
bear channel we have to give them the bias this evening and with the buyers
unable to finish the rotation
back to the range highs (1093.4) we will look for the buyers to try once more
for the 2-try-rule
and if they fail we can then get aggressive on the way down to the measured-move
target at 1080.0.
is bearish and range-bound
this evening and our plan is to look for rotation
down to the lows of the range and bear channel
this evening with a measured-move
target waiting below. Today’s price-action
was very sloppy but with the sellers clearly responding to the highs of the new
bear channel we have to give them the bias this evening and with the buyers
unable to finish the rotation
back to the range highs (1093.4) we will look for the buyers to try once more
for the 2-try-rule
and if they fail we can then get aggressive on the way down to the measured-move
target at 1080.0.
Euro
is bullish but we recently completed a measured-move
which tells us to look for seller-failures
before buying more tomorrow. We
can see the bull channel and we are at the lows of the channel. We can see the completed measured-move
which SHOULD have sellers entering the market and trying to push price lower,
so wise buyers will be looking for a break lower and then seller-failure
to buy it back to the highs. The bears
need to see a break lower and then hold the next pullback
if they want to take control and send price back to the low from today.
is bullish but we recently completed a measured-move
which tells us to look for seller-failures
before buying more tomorrow. We
can see the bull channel and we are at the lows of the channel. We can see the completed measured-move
which SHOULD have sellers entering the market and trying to push price lower,
so wise buyers will be looking for a break lower and then seller-failure
to buy it back to the highs. The bears
need to see a break lower and then hold the next pullback
if they want to take control and send price back to the low from today.
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