“Change your thoughts and you change your world.” –Norman Vincent Peale
Notes for Tonight’s Newsletter:
Crude Oil and E-Mini S&P are bullish, while Gold and Euro are bearish as we go into Wednesday’s trading session… are you ready?
Crude Oil is bullish in the short-term, but the long-term bearish trend will keep us watching for the bulls to fail on pullbacks to support. We have some easy targets for the bulls around $62.00 and a lot of room to tumble lower if those bulls fail!
E-mini S&P is bullish long-term but sideways short-term and our plan is to keep buying the lows of the range and taking profit at resistance levels overhead until we break the 'line in the sand'.
Gold is bearish in the long-term but trading sideways in the short-term; our plan is to sell the highs of the range, and 'fade' all breakouts by the bulls until this situation changes.
Euro is still bearish, even after today's massive move higher; our plan will be to get short back to test the moving-averages and support levels, and then look for buyers to fail from there!
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