Tuesday, March 31, 2015

Trend-Channels for Wednesday | SchoolOfTrade Day Trading Newsletter 03/31/15

“The secret to life is meaningless unless you discover it yourself.”  - W. Somerset Maugham

Notes for Tonight’s Newsletter:

Markets are bearish this evening as we wrap-up the month of March and look forward to more trading opportunities in April… are you ready for tomorrow?

Crude Oil is bearish and trading inside 2 bear-channels, which tell us to stay patient for selling opportunities up near the highs of the channel as well as resistance levels overhead on our way back down to re-test channel-lows.

Gold is trending lower this evening, and trading near the highs of a bear-channel.  This tells us to stay focused on selling resistance levels overhead on our way down to the lows of the channel and the measured-move targets below.

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