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Notes for Tonight’s Newsletter:
Crude Oil, Gold, and Euro are all bearish so we’re looking for selling-opportunities at the range-highs while the E-Mini S&P is completely sideways so we are watching for range-failures on Tuesday… are you ready?
Crude Oil is bearish and trading in the middle of a bear-channel which means sellers will be looking for opportunities at resistance levels overhead with the highest percentage trades coming at the highs.
E-mini S&P is trading sideways inside a price-wedge which means sellers will be looking for buyer-failures to sell the highs, and buyers are looking for sellers to fail to buy the lows.
Gold is bearish and trading at the highs of a bear-channel which means sellers will be looking for buyers to fail at the highs for selling opportunities back down to the lows.
Euro is bearish and trading into the highs of the bear-channel which means we will be looking for selling opportunities at the highs when buyers try and fail!
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