The production cuts in crude oil could not beat the hype and crude oil is trading lower because of it. Classic “buy the rumor and sell the news” scenario. Once we have a narrative on a market and can confirm it with the trend and technicals, we can start to look more broadly at other markets it will impact.
What are the levels I am looking at for targets? How do I decide what they are? Why is it time and trend? We discuss all that and more as I review recent alerts and entries.
Let’s dig in and see what this means in terms of the next big move for the markets.
We revisit the importance of the currency lineup and look at what other symbols can help determine the path index futures (and risk!) will follow each morning.
There are two things to focus on with the newest actions from the Treasury and the Federal Reserve: Stay nimble, shorten the time horizon, and focus on directional bias. For longer term setups, it is imperative we “respect the trend that was” and view current levels as overbought bounces as we go into the long weekend.
In this video, we discuss the SPX erratic action lately. We look at different levels to watch for and talk about what may happen with this rally.
