Patience paid off the last time we waited for the trigger in the overbought zones of the YM, NQ, and ES. Here are zones and V-Score readings I am focused on for the next shorting opportunity. Remember this will be the 2nd time we’re shorting these levels!
After a large inventory buildup reported by the EIA, echoing the private data also showing a buildup by the API… what did crude do? It rallied. And this is exactly what short sellers needed for a trigger.
As the market tries to get back to the all-time high, we continue to look weak. As we are in a news-driven market, we can go either way. My plan continues to be bullish, and the higher we go, the more hedging I will add.
While it may seem gold is contained and stuck in a range (it is) there is a zone that long positions can be bought in, and in this video, I outline that zone for buyers.
Three setups that continue to perform, and the newest zones and setups to watch, as well as the ETF alternatives and options entries for the futures-based trades.
