Don't Short This Bounce Until You Watch! (Best Trades for Tuesday)

Welcome back -- are you ready for Tuesday?

The Emini ES is in a perfect spot for a short off the bottom of today’s trading range, but the strength of this pullback gives buyers an easy opportunity to grab a reversal…

Nasdaq is in a similar situation – I'd love to short the highs of a major bear channel, but the strength of this recent bounce has me concerned this might be a short-squeeze in the making…

And don’t forget Gold – we’re sitting in the perfect spot to short the high of last week’s range, but a key support level is standing in my way first…

As you can see, there’s plenty of opportunity on Tuesday – just make sure you watch tonight’s video before you hit that sell button!

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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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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.