Markets got right back to work to kick off the third week of July, starting with big runs higher, then a reversal pattern, and finishing today’s session with even bigger runs lower…
But there’s something fishy about these moves lower today – they a…
Markets got right back to work to kick off the third week of July, starting with big runs higher, then a reversal pattern, and finishing today’s session with even bigger runs lower…
But there’s something fishy about these moves lower today – they all landed conveniently at major turning points on the charts, telling me to keep my eyes open for three reversal patterns on Tuesday morning – are you ready?
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E-Mini S&P is bearish after a big collapse off today’s high; but look closely at where price finished today’s session and you'll see we’re sitting at a pendulum swing...
Knowing this, my plan is to wait for the sellers to try twice on the next pullback and I'll be looking to buy into their stops for a short-covering rally going higher…
Crude Oil is bearish with a strong run lower to finish today’s session, but the day began in a range which means the pressure is on the sellers to hold the next pullback…
Knowing the range is still a magnet, my plan for tomorrow is to wait for sellers to get stuck short off the high of a channel so I can buy into their stops with a crown reversal pattern.
Gold is bearish and trading just below today’s range, which is still acting as a price magnet, and my job is to keep looking to buy these lows until sellers can show me proof of a 123-Reversal…
The challenge is the bear momentum coming off the high; before I try to buy this bear market, I need to wait for a nested reversal pattern to trap in the sellers…
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