“Big jobs usually go to the men or women who prove their ability to outgrow the small ones.”
Notes for Tonight’s Newsletter:
Crude Oil is range-bound and bearish this evening which means we want to follow the sellers and look for opportunities at the highs of the range after a measured-move-correction up off today's lows.
E-mini S&P is bearish after a selloff in today's session, which means sellers are already 'short' this market from early in the week and we want to wait for them to take their profit before we look for the next big round of selling opportunities. The best plan for tomorrow is to wait patiently for a measured-move-correction coming up off the lows, followed with a buyer-failure at resistance to trigger us into the next round of selling.
Gold is range-bound with a bearish tone this evening after a spike & channel sent prices lower. We can see the correction off the lows after the spike down, which means the sellers will need to prove their control at the range-lows. We will be looking for the sellers to try and fail at the lows to get into LONG positions as price rotates back to where the week started near the highs of the range. keep an eye on the '2 try rule' for the sellers at the lows!
Euro is range-bound and rotating back to test the range-highs this evening after the sellers 'undershot' the range-lows. we have a measured-move, as well as a bull-channel that both tell us to look for the best buying opportunities after a pullback on our way up to the highs of the range before we start looking to sell the highs of this range, which has a bearish-bias.
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