Today we had Crude Oil pushing higher but forming an Ascending Wedge pattern and seeing the buyers try to push VERY aggressively through the highs only to see them fail immediately back lower again. That is a HUGE red flag for the buyers and as they exit, I want to be entering shorts to drive […]
Continue readingClick here to download today’s charts “Setting a goal, and taking action are the first steps in turning the invisible into the visible.” Notes for Tonight’s Newsletter: The end of the first quarter is almost behind us this evening as traders brace themselves ahead of what is expected to be another bullish jobs report tomorrow […]
Continue readingThis morning we see Crude Oil respecting the VERY large Megaphone Pattern highs after blowing through the lows of it a bit. This gives us a perfect place to look to fade the strong move up for a correction back lower. Due to the strength that the market shot higher, I am not looking for […]
Continue readingClick here to download today’s charts “Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.” Notes for Tonight’s Newsletter: Markets continue to see increased volatility this week as the month of march comes to an end, Janet put the next rate increase off until […]
Continue readingThis morning we saw Crude Oil in a nice push higher off the lows but that led into a wedge formation with the market pausing for a while as it sorts itself out on what it wants to do next. We then had a fake-break of the lows leading into snap failure buying pressure right […]
Continue readingClick here to download today’s charts “One reason so few of us achieves what we truly want is that we never direct our focus; we never concentrate our power. Most people dabble their way through life, never deciding to master anything in particular.” Notes for Tonight’s Newsletter: Crude Oil is bullish ahead of inventory news […]
Continue readingToday on the E-Mini S&P 500 Futures we saw a VERY interesting range form after the massive drop lower. This gave us clues to look for either the breakout OR the breakout failure. In this case we had the breakout fail completely shutting down all downside movement before popping higher and finishing the drive back […]
Continue readingClick here to download today’s charts “If you want to be successful, find someone who has already achieved the results you want; copy their behavior, use the same tools, techniques, and you will achieve similar results as well.” Notes for Tonight’s Newsletter: Crude Oil is bearish with a ‘descending wedge’ that is un-tested, but we […]
Continue readingBuying the major support pullback this morning gave us a gorgeous run higher for 156 ticks! In today’s video we see the Crude Oil Futures pulling back down into a huge area of support we were tracking in the chat room. This gave us an opportunity to buy the bounce as well as get a […]
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