The market was holding out hope that the FOMC announcement today would lead the markets higher. In response to the announcement and the follow-up press conference, the market decided to sell off strongly. Marking a new low of the year. This forshadows a difficult next...
Today we break down a setup in the ES where we had a failed bullish signal that then turns bearish. One thing to remember, the market takes the path of least resistance, so if it triggers a good long setup, then fails, many times you will run the opposite direction....
The SP500 attempted to move above the 2017 closing price this week and failed. It’s currently negative for the year and seems to lack the momentum to move higher by the end of the year. In this video, we look at the net most important support level – if it...
Today we talk about a trade setup from the futures live trading room this morning with a breakout in crude oil (CL). Originally we had a bullish bias due to momentum, but the market broke out of compression to the downside and gave a nice winning trade on the short...
Renko Compression Breakouts in Crude Oil Futures are discussed in today’s video. These setups were from the futures trading room over at Base Camp Trading. We have been having great success trading renko charts in the current volatile market environment. If you...
The SP500 has been falling for the past week, and has recently tested the 2600 support level in SPX. we’ve managed to bounce higher. The next test will be at 2700 which is the next level of resistance. If we can break above it, we’ll be poised for a move...
