E-Mini Entry Opportunity

Conceding we have very little technical context right now I however do love the short term panel on the E-Mini right now. Without further ado – here’s our evil scheme for the day: Grab a small short position here until about 1960 (we’ll have to watch the Zero after the open). If 1960 gives then I’m long with a stop below the current spike low near 1940.

I recommend small positions sizing and wide stops right now. We are in high volatility trending tape, a.k.a. bearish tape. Most of you younger kids probably have little experience navigating these types of conditions. I will be producing a pertinent refresher course once I’m finally done with my lair renovations.

Alright, yesterday’s session was actually instrumental in acquainting you guys with some of the typical characteristics of trending bearish tape. We are going to see a lot of this over the course of the year and I encourage you to study yesterday’s tape in detail.

Crude is a short on a little bounce. However there is a long opportunity if it breaches 34.2. Loose stops on this sucker. If you find yourself long remember that you are trading AGAINST the trend. We would probably want to see a Dollar crush at the same time.

MUST SEE momo charts and setups below the fold for my intrepid subs:

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