Today on Crude Oil we started off with a range right out of the gate with buyers buying low and sellers selling high looking for the moves to fail back into the range. We then had a HUGE breakout move up showing buyers mean business and are likely going to control the short term before […]
Continue readingToday we have Crude Oil in a pure range right from the start of the GLOBEX session with no real success on either side as traders fade every attempt. This gives us a huge clue on what to expect on the day in that almost every breakout is assumed to fail and we need to […]
Continue readingClick here to download today’s charts “Do not judge each day by the harvest you reap, but by the seeds you have sewn.” – Robert Louis Stevenson Notes for Tonight’s Newsletter: With major news on the schedule for this evening and tomorrow morning we can easily see a calm before the storm; Crude Oil and […]
Continue readingDid someone say echo? The E-Mini S&P 500 Futures almost identically mimicking what crude oil from yesterday and with the SAME results! We see the S&P opening up right on top of the prior month close area with a doji initially into bear failure but when the bears had another shot, they took it hard! […]
Continue readingToday we see the S&P 500 Futures pushing lower with aggression and taking a break through the EU session where we ended up in a wedge formation. This wedge attempted to break higher twice and completely fell apart showing who really owned this market still allowing the sellers to hammer price lower! =========================================================== Test-Drive our […]
Continue readingClick here to download today’s charts “You gain strength, courage and confidence by every experience in which you stop to look fear in the face.” – Eleanor Roosevelt Notes for Tonight’s Newsletter: Markets are volatile as we begin the month of May; Crude Oil is bearish inside a flag, E-mini S&P is bullish at the […]
Continue readingToday we open up in the month of May! Whenever there is a new month, last months levels tend to act as an area of interest for the better part of the first few days and that is exactly what we have today! The month of May on Crude Oil ended in on a very […]
Continue readingToday we see Crude Oil starting off the day with a nice move up off the lows and bullish support running with price with heavy buying pressure shutting down the sell moves. This gave a big clue on what to expect with a nice move back up to highs and into resistance at 45.99 before […]
Continue readingClick here to download today’s charts “I am an optimist. It does not seem too much use being anything else.” – Winston Churchill Notes for Tonight’s Newsletter: All of our markets have bullish momentum leading into tomorrow’s session; Crude, Gold and Euro both trading inside channels and the E-mini S&P is trying to recover from […]
Continue readingToday we see the sellers open up with an initial HEAVY sell emphasis to try to drive the market lower but when they ran into support and failed, everyone and their great aunt exited the move causing a huge spark upward again. Buyers then began to see this failure from the sellers and accumulate everything […]
Continue reading