Tuesday, February 24, 2015

Bear-Traps for Wednesday | SchoolOfTrade Day Trading Newsletter 02/24/15

“Setting a goal, and taking action are the first steps in turning the invisible into the visible.”

Notes for Tonight’s Newsletter:
·       Markets are range-bound as we wait for Janet Yellen to finish her 2-day event in Washington.
·       Gold is bearish, and stuck inside a triangle @ $1200/oz
·       Crude Oil is bearish and range-bound, so we will focus on selling at resistance levels
·       Russell is bullish in a clear bull-channel, and volume confirmed today's new highs
·       Janet Yellen takes the stand on Wednesday @ 10:00am EST

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