Copper trading at the top of the range (again)
Once again, copper is trading at the top of the range, setting up another short. Here’s what I am looking for and one more thing to keep an eye on because of the scale of today’s move.
Once again, copper is trading at the top of the range, setting up another short. Here’s what I am looking for and one more thing to keep an eye on because of the scale of today’s move.
Daily time frame entries in copper, gold, bonds, beans; Canada and UK top the list.
If you’re not subscribed to the Simpler Trading free videos, you’re missing out on good trades! Tonight we’re reviewing some of the suggestions made over the past 3 weeks and how they played out into March expiration. That, plus a new setup that you can start buying on Monday…
May expiration was especially active for me, and between the live spread class trading, chat room suggestions and other moderators suggestions that I modified, we’ve got a lot to review tonight. Let’s dive in…
The ES and NQ — led by the tech, also by the discretionary sectors — have been buyable on pullbacks. Here are those levels and also the play into the daytrading of those two markets.
Heading into the weekend I tackle some topics like the volatility this week, the trends in the YM and RTY versus NQ and ES. How do I want to buy the US dollar? And how to measure the market barometer/currency lineup?
It’s what’s setting up right now in SHOP and COUP, and this is how I’m playing it.