December 10, 2015
- in Uncategorized by schooloftrade
This FLAG Pattern looks great| Crude Oil, Gold, E-mini & Euro Futures 12/09/15
“Success is
doing ordinary things extraordinarily well.”
doing ordinary things extraordinarily well.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish after collapsing off today’s high and we finished the
session with a trading-range which give us great
clues for the best opportunities to sell tomorrow. The most reliable trading opportunities will
be SELLING
tomorrow, and the best trade will be after the buyers
fail to push prices higher. Look for
a break higher up to resistance,
and then sell into the stops as the buyers try to buy the next pullback.
Oil is bearish after collapsing off today’s high and we finished the
session with a trading-range which give us great
clues for the best opportunities to sell tomorrow. The most reliable trading opportunities will
be SELLING
tomorrow, and the best trade will be after the buyers
fail to push prices higher. Look for
a break higher up to resistance,
and then sell into the stops as the buyers try to buy the next pullback.
E-mini
S&P is bearish after it followed crude oil tumbling off today’s highs,
and we finished the session with a bear-flag which tells us
exactly where to look for the best selling opportunities tomorrow. The most reliable way to trade a bear-flag
is to catch the counter-trend
buyers on the wrong side of the market either at the highs or the lows of the
short-term bull-channel. After we see the buyers fail we will use the AB=CD extension
for a target down to 2025.00.
S&P is bearish after it followed crude oil tumbling off today’s highs,
and we finished the session with a bear-flag which tells us
exactly where to look for the best selling opportunities tomorrow. The most reliable way to trade a bear-flag
is to catch the counter-trend
buyers on the wrong side of the market either at the highs or the lows of the
short-term bull-channel. After we see the buyers fail we will use the AB=CD extension
for a target down to 2025.00.
Gold
is bearish after a strong push lower and finished the session with a perfect bear-flag on the way back to
the lows from earlier this week, which give us the info we need to plan our
trades tomorrow. We have a measured-correction
going into major resistance
and the buyers didn’t put-up much of a fight, so now the best selling
opportunities will come as buyers try to buy this pullback,
and if they fail we sell into their stops with a target(s) at the support
levels listed below.
is bearish after a strong push lower and finished the session with a perfect bear-flag on the way back to
the lows from earlier this week, which give us the info we need to plan our
trades tomorrow. We have a measured-correction
going into major resistance
and the buyers didn’t put-up much of a fight, so now the best selling
opportunities will come as buyers try to buy this pullback,
and if they fail we sell into their stops with a target(s) at the support
levels listed below.
Euro
is bullish this evening, but after three (3)
pushes higher in today’s session we expect the bulls to take profit and
allow the sellers to take their turn for the first half of tomorrow’s session
before we can look for additional buying opportunities. We can see the market-makers
started the move today, the trend-followers
kept it pushing higher, and the late-adopters
came in to finish the move into the closing bell. Buyers need to stay patient for a bearish correction,
and aggressive sellers can look for pullbacks
to fail for selling opportunities off the highs, just be careful trading
against this strong trend!
is bullish this evening, but after three (3)
pushes higher in today’s session we expect the bulls to take profit and
allow the sellers to take their turn for the first half of tomorrow’s session
before we can look for additional buying opportunities. We can see the market-makers
started the move today, the trend-followers
kept it pushing higher, and the late-adopters
came in to finish the move into the closing bell. Buyers need to stay patient for a bearish correction,
and aggressive sellers can look for pullbacks
to fail for selling opportunities off the highs, just be careful trading
against this strong trend!
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