Wow – we got some strong moves into the closing bell this evening, and all that momentum tells me there’s likely another leg coming tomorrow – but where’s the best pullback entry?
Do I get aggressive with a shallow pullback? Wait for a deeper pull…
Wow – we got some strong moves into the closing bell this evening, and all that momentum tells me there’s likely another leg coming tomorrow – but where’s the best pullback entry?
Do I get aggressive with a shallow pullback? Wait for a deeper pullback? Or maybe try predicting a reversal? It all depends on the market’s context, and I'll show you five reliable setups I'm watching for Thursday – lets get started…
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Crude Oil is bearish and finished today’s session with a strong run lower, which tells me to look for sell setups off resistance levels before we reach the measured-move target tomorrow morning…
Knowing this, I have my eyes on the 33.00 area because I see two trend-lines coming together – the only variable is how the market pulls back…
E-Mini S&P is bullish and finished a volatile session all the way up at today’s high, which tells me to expect buyers to exit positions and look to re-load at a lower price tomorrow…
With this in mind, I'd like to wait for a deep pullback off these major highs, and I'll be looking for ways to trap sellers on the wrong side of the moving-average…
Gold is bearish, but contract rollover resulted in a strong bounce off the lows which gives the buyers an edge in the short-term – I need to stay patient…
Luckily, the chart looks ripe for a 2-legged pullback setup, so I'm going to wait for the sellers to get long on the next pullback and look to sell into their stops using the trend-line as resistance…
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