Trading the Market Collapse, 3 Favorite Chart Patterns
Equity markets collapsed this afternoon on increased tensions between the US and China, but its not just the Eminis, Crude Oil and Gold are showing signs of struggle also, which means there’s a lot of opportunity going into Wednesday…
All Signs Point Lower on Oil, Where’s Entry?
Crude Oil is bearish after buyers failed to complete their retest of yesterday’s high, which has me looking to get short off key resistance levels tomorrow morning…
E-Mini Sellers Need a Way Into this Collapse…
E-Mini S&P is bearish after collapsing late in today’s session, and with such a strong run lower, I’ve prepped the charts for the three most likely chart patterns to trade on Wednesday…
Gold Failed Rotation is a BIG Clue…
Gold is bullish, but the failed rotation higher, in combination with a trading-range tells me the sellers have all the best options right now, so I’m going to look for buyer failures to get short off these highs.
