We opened up the day with a small gap down that lead into massive selling pressure off the EMA test. This also gave a near gap fill miss that will have a lot of buyers who didn’t get their targets nervous and likely to exit causing a spike down. Once the spike down occurred, now […]
Continue readingWe came in today to find Gold Futures cycling in a range and most recently failing out of the highs for a push lower by the sellers. This let us know to be selling high for a move lower where we can potentially buy back up again. Overall, the sellers slammed the market down through […]
Continue readingClick here to download today’s charts “Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become your character. Watch your character; it becomes your destiny. -Frank Outlaw Notes for Tonight’s Newsletter: We have great trends and big ranges to work with tomorrow; […]
Continue readingWe came in today to see a descent gap higher in price from Monday’s close which led into a massive bear selling candle. The bears never achieved continuation though which meant that, if they were still interested, they will likely want to sell at the highs rather than right here. This allowed the sellers to […]
Continue readingWe came in today to find Crude Oil working higher with nice bullish movement but when we reached into the prior month and week levels, we saw the market sentiment shift quite a bit. The bullishness was no longer there looking for further movement but instead, taking profit at the highs. This gave us a […]
Continue readingClick here to download today’s charts “Life does not get better by chance. It gets better by change.” – Joseph James Notes for Tonight’s Newsletter: We have some strong trends and some choppy ranges heading into Tuesday’s session; Crude Oil, S&P and Euro are bearish while the Gold is bullish as we crack-open the first […]
Continue readingWe open the market lower on the month with a bull attempt higher which completely failed back down sparking the bear move down slamming price further and further on the day. This bearishness all morning saw every bull attempt fail and drop right back down. When a market opens up in this manor with a […]
Continue readingWe came in to start the month off with a fairly sturdy drop in prices on Crude Oil. This move lower was nice and strong with any buy attempt being almost immediately reversed so looking for buyers failure is a great strategy. We had a huge bull spike that lead into a 1 tick trap […]
Continue readingClick here to download today’s charts “My daily goal is to do something that will get me closer to a better tomorrow.” Notes for Tonight’s Newsletter: We had some incredible trading opportunities today across all of our favorite markets and with some big moves today we know that tomorrow is setting-up to be another big […]
Continue readingWe came in today to find Crude Oil playing a bit of the trap game sticking buyers in a bad position before dropping the bottom out. This initially looked as though it was going to go range bound for the rest of the day. We then had a strong sentiment shift with buyers once again […]
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