In warfare there are no constant conditions. He who can modify his tactics in relation to his opponent will succeed and WIN. – Sun Tzu – The Art of War.
Notes for Tonight’s Newsletter:
Everything bullish after extreme volatility shook-up markets overnight on Wednesday, but we have some BIG CLUES that tell us these bulls may have a challenge going higher on Friday… are you ready?
Crude Oil is bullish in the long-term and very close to bearish in the short-term at $51.00. We expect price to push lower to re-test $50 before we make our next push higher on Friday.
Gold is bullish and trading into the lows of the bull-channel on our anchor chart so we will expect prices to move higher before a possible re-test of the $1200 round-number.
Russell is trading sideways with a slight bullish-tone this evening which tells us to look for buying opportunities at the range-lows, and use the range-expansion for our targets!
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