This Wedge Looks Great for a Short (Just Need the Signal!)

Welcome back guys, got some nice setups on my radar for Tuesday…

Crude Oil is bullish after a strong bounce off today’s low -- but with multiple ranges below us and channel resistance above us, I'll be looking for a short if these buyers start to struggle…

The Emini is bearish into a range tonight, so I'll be looking for shorts at resistance above the range, along with breakouts going lower on Tuesday. My only challenge is, there’s a trend-line in my way!

Nasdaq is also bearish, ending today’s session with a strong bounce off today’s low. We do look bullish at first glance -- but once you see this wedge resistance on the chart, you'll see why I'm waiting for the short instead…

Don’t forget – some of these trades are going against momentum, so the entry signal is the key. Here’s what to look for…
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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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