“Stay committed to your goals, but flexible in your approach.”
Notes for Tonight’s Newsletter:
Crude Oil is bullish in the short-term and trading around the $50 round-number, and we got an easy clue today from the channel-overshoot that tells us to look for a little deeper pullback before we try to buy this again, and we are keeping a close eye on the buyers if and when they fail!
Gold is bearish, coming off the range-highs, and today's collapse tells us to be patient tomorrow for a correction and a 2nd attempt to re-test the $1200 target.
Russell is bullish, but today's volume does NOT confirm the most recent attempt to push higher, and the 'undershoot' of the highs is an easy give-away that we should expect a larger correction down to the channel-lows.
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