3 Reasons I’m Bearish for Tuesday | SchoolOfTrade Newsletter 12/01/14
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Markets are moving this first week of December, and we’re ready to profit from these big moves. Crude Oil traded higher today, all the way to the highs of the range, which means we are looking for selling-opportunities on Tuesday. Gold also made a strong move higher today, but that $1200/oz big-round-number and NO VOLUME confirmation at the new highs tells us to SELL these highs! What’s up with the Mini-Russell? We found a megaphone pattern and a sideways-trading-range on the anchor chart… and we are clearly bearish in the short-term… looking to sell!
