Today's strong sell-off confirmed a H&S Top and Sym Triangle pattern. Both targets are in the 1140-1150 zone. I see this area shaping up as potential support.
I'm currently a middle office analyst for a proprietary trading firm. I have a BS in finance from the University of Illinois (Champaign-Urbana). I have 20+ years of experience in this industry ranging from working on the trading floors of the CME and CBOE, working in back-office operations, managing a clearing department, trading equities for a prop firm, and trading futures for my own account. I'm also a contributing author on Inside Futures.
I currently follow 30 different futures markets in the following sectors: grains, softs, meats, metals, energy, indexes, interest rates, and currencies. All of my market analysis is technical based and looks for key areas of support and resistance that generally provide trades with reward to risk ratios of 2:1 or better and also identifies areas for profit-taking.
You can get all of my trade signals from my TechSpeak trading system by following me on Collective2 for 50.00 per month.
Trading System Results:
disclaimer:
There is a high risk of financial loss in stocks, futures, and options trading. Past performance is not necessarily indicative of future results. Nothing on this blog/newsletter is intended to be a trading recommendation for you to buy or sell stocks, futures, or options. Readers are solely responsible for how they use this information.
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