Tuesday, January 27, 2015

3 Price-Reversals for Wednesday | SchoolOfTrade Day Trading Newsletter 01/27/15

“Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year – and underestimate what they can achieve in a decade!”

Notes for Tonight’s Newsletter:
·       Markets trade higher today, but volume tells us to expect a correction on Wednesday, as markets prepare for FOMC
·       Gold is bearish inside a range; sell the highs of the range, beware FOMC
·       Crude Oil is bearish and trading sideways; stay patient to sell the highs of the range ahead of FOMC
·       Mini-Russell is bullish, but appears the buyers have failed at the highs; look for short-term selling-opportunities back to channel-lows
·       NEWSFOMC Announcement is Wednesday @ 2:00pm EST

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