5 reasons im a bear for halloween | schooloftrade newsletter 10/30/14
DESCRIPTION
Volatility levels are HIGH as we finish the month of October! Gold and Crude Oil are bearish and the Mini-Russell is floundering around the highs of the range looking wobbly going into tomorrow… are you READY? Crude Oil is bearish right now, taking a pit-stop in the middle of the range on the way down to our profit-target at 80.18 tomorrow. The middle is a VERY challenging area to trade, so be sure to check your levels with tonight’s newsletter Gold keeps pushing lower, hitting ALL our profit-targets on the way down to the big-round-number at $1200/oz. We are still bearish, but we need to stay patient tomorrow for the best selling-opportunities. Mini-Russell is a tough market to predict for tomorrow; today’s bullish GDP report sent the Russell higher this morning, but we have MAJOR resistance overhead and we haven’t pulled-back since the end of last week… so we stay patient for the failure at these highs and a SHORT back down.TRANSCRIPT
