3 Key Trend Lines for Tomorrow’s Breakout
I’m seeing mostly spike and channel patterns on the charts tonight, which means breakout and failed breakouts will be the key to success on Thursday…
Knowing this – my focus shifts to finding the most reliable support/resistance levels, and I have three key trend-lines on my radar – are you watching these too?
Oil Buyers Need More Information…
Crude Oil is bullish and trading right at today’s high, which isn’t a very easy place to trade; its too bullish to sell, and too high to buy…
Knowing this, my plan is to wait for either “acceptance or rejection” in the overnight, and I have a simple trading plan for both scenarios…
Can Emini Buyers Keep This Rally Going?
E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buy setups below the range at key support levels, or qualified breakouts to new highs…
With this in mind, I have two key trend-lines on the chart that will qualify both of those trading opportunities.
Bulls & Bears Competing for Control on Gold..
Gold is bullish and trading sideways, right on top of the weekly GAP at 1754.1, which makes me thing there are both buyers and sellers waiting on both sides of this market…
The bulls have the edge, and I’m hoping to see bears run it lower so I can buy into their stops as they fail off the low of a “hidden” expanding triangle.
