“Every time you stay out late; every time you sleep in; every time you miss a workout; every time you don’t give 100% – You make it that much easier for me to beat you.”
Notes for Tonight’s Newsletter:
Crude Oil is range-bound this evening with a bearish-bias going into tomorrow's session, so our plan will be to wait for the buyers to push this price higher and then look for failure trades to sell it back down again. Today's selloff tells us the bears are in control, but the end of day trading range tells us this market is balanced going into the closing bell so tomorrow we expect buyers to try to push it higher, and if they fail we will be waiting to sell it back lower.
E-mini S&P is range-bound this evening so we are looking for opportunities to fade all the breakouts ahead of tomorrow's FOMC announcement. We have a slight bear-bias to this range but with tomorrow's MAJOR news on-tap we know that anything can happen and we have our eyes on the prior-week highs up around 2073.00 for a possible 'fade' late in the session tomorrow.
Gold is range-bound with some bullish clues on the chart this evening which tells us buyers are likely going to try and run this higher, while smart traders will be waiting for them to fail to sell back into today's range. Gold will be highly-affected by the FOMC announcement so remember to get to the trades EARLY on Wednesday, if at all.
Euro is range-bound this evening so our plan is the same, buying lows, selling highs, and using FAILURE patterns to do it ahead of the news tomorrow. We have trend lines both above and below the range which will be excellent areas to look for opportunities to fade the breakouts of this range, just make sure you don’t trade too late in the morning tomorrow because it will get nasty ahead of FOMC.
Want to see us trade LIVE? Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member