March 31, 2015

Trend-Channels for Wednesday | SchoolOfTrade Day Trading Newsletter 03/31/15


“The secret to life is meaningless unless you discover it
yourself.”  – W. Somerset Maugham
Notes for Tonight’s Newsletter:
Markets are bearish
this evening as we wrap-up the month of March and look forward to more trading opportunities
in April… are you ready for tomorrow?

Crude
Oil
is bearish and trading inside 2 bear-channels
, which tell us to stay patient for
selling opportunities up near the highs of the channel as well as resistance levels
overhead on our way back down to re-test
channel-lows
.

Gold
is trending lower this evening, and trading near the highs of a bear-channel.
 
This tells us to stay focused on selling
resistance
levels overhead on our way down to the lows of the channel
and the measured-move
targets
below.

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