3 Breakout Trades I'm Watching on Wednesday

Lots of “ranges” on the charts tonight, telling us to focus on failures and breakouts tomorrow…

The Emini is bullish into a range tonight -- I'll be looking for buy setups at key support levels below the range. Just make sure you avoid that resistance line coming down overhead…

Nasdaq is bullish into a spike and channel – I'll be looking for a deep pullback down into the “base” of the channel, or I'll get aggressive with a breakout…

Crude Oil is developing into a WIDE range ahead of tomorrow’s Inventory Report – WIDE ranges are great in some ways, but more challenging in other ways. I'll show you why in tonight’s video…
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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