July 22, 2015

8 Trades for Thursday | Day Trading Crude Oil, Gold, E-mini & Euro Futures 07/22/15


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“The
remarkable thing we have is a choice every day regarding the attitude we will
embrace for that day. We cannot change our past… We cannot change the fact
that people will act in a certain way. We cannot change the inevitable. The
only thing we can do is play on the one string we have, and that is our
attitude.”
Notes for Tonight’s Newsletter:
We have some very strong
trends
in the market right now which means we will be looking for ‘failure’
opportunities on Thursday… are you ready?
Crude
Oil
is bearish and trading at the lows of the channel
which means sellers need to stay
patient for price to move higher off the lows into resistance
levels
above and buyers will be looking for seller-failures at these lows
to buy the lows, especially in the $49.00
area.
E-mini
S&P
is bullish but price is still over-bought
after the channel-overshoot
which means buyers are staying patient to buy the lows of the bull-channel and
sellers are using support levels to look for buyer-failure opportunities.
Gold
is bearish and moving lower
which means sellers will be looking for opportunities at resistance
levels
overhead watching closely for buyers failing around those
levels.  Buyers can look for seller-failure
at short-term resistance but need to be careful because this market feels
HEAVY.
Euro
is bearish and trading higher up off the lows of the bear-channel
which means buyers can look for seller-failures
at short-term resistance areas and sellers will be looking for opportunities up
around major resistance levels above.

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