First published at 00:07 UTC on September 17th, 2019.
We’re back in the action for the third week of September, and with FOMC and Quadruple Witching later this week, we’re expecting another great week of trade set-ups…
And speaking of set-ups, these range-bound markets are telling me to keep buying lo…
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We’re back in the action for the third week of September, and with FOMC and Quadruple Witching later this week, we’re expecting another great week of trade set-ups…
And speaking of set-ups, these range-bound markets are telling me to keep buying low and selling high on Tuesday, but I think the biggest clue just might be the ‘pendulum swing’ setting-up for tomorrow – are you ready?
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Crude Oil is bullish overall, but the recent failure to re-test today’s high, followed by the 123-Reversal for the bears tells me there will likely be a sell set-up waiting for me at the high of the Hidden Channel.
E-Mini S&P is bullish and stuck inside a range, which tells me to look for buy set-ups below the range, while keeping an eye out for “nested” failures to sell up above the highs.
Nasdaq is bullish and trying to complete the ‘pendulum swing’ up at, and if I can get some strength on the next range-breakout, my plan is to use the 2-Try Breakout Pattern to grab that move higher before they complete the target.
Gold is bearish and looking for a way back into the range from last week, but that “gap up” on Sunday evening tells me to expect the buyers to try another leg higher, and if they do, I'm looking to sell into their failure off the high of the Hidden bear channel.
Euro is bearish into a trading-range tonight, telling me to look for sell set-ups using a buyer-failure pattern to sell above the range, and a “nested” failure pattern to buy underneath the range on Tuesday morning.
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