DON'T FORGET TO JOIN OUR FACEBOOK:CHANNEL GUY TRADER AND OUR TWITTER:ASKCHRISHETRADE. We are getting more active on both avenues. Join the fun $$ !!
Morning Traders,
I have posted a chart this morning showing a lot of trap on the hourly /ES proprietary channel system chart. We have a possible inverse head and shoulders with the right shoulder forming a bear flag in it as we speak. If the pattern plays out this market is looking to sell hard. There is a lot of fear creeping back into the markets with all this stuff going on so be sure to watch the VIX and the $USD. The key level to watch is going to be 1186 area. Holding below that level will be bearish. At the same time we have a lot of news coming out this a.m. Stay on your toes. GL
No comments:
Post a Comment