These markets continue to impress me this week, and with plenty of reliable chart pattern to work with, I'm getting excited for Thursday morning…
And to make sure I don’t miss the best entries tomorrow morning; I use a simple visualize exercise to make sure I have every angle covered – are you ready?
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Crude Oil is bullish into a spike & channel pattern, which tells me to look for buy setup down in the base of the channel tomorrow morning…
But I'm also anticipating that, with such a strong run higher today, we may get a sharp pullback off today’s high, and I'll need to use a “nested” failure setup…
E-Mini S&P is bullish into a narrow trading-range, which tells me to look for buy setups using failure pattern down in the battle-zone…
I can also see another range just below it, which will likely act as a magnet, drawing price even lower, so don’t get spooked by a deeper pullback, because that’s exactly where the pros will be waiting to get back on the bus!
Nasdaq is bullish with a strong spike up into a narrow trading-range, which tells me to wait for a deep pullback off the highs to buy into the stops of the counter-trend sellers…
But look closer at the chart, you can see another important clue – a GAP from earlier this morning when everyone was still sleeping, and that GAP will most likely be where the most buyers will be waiting for re-entry on Thursday.
Gold is bullish into a trading-range this evening, which tells me to look for buy setups underneath the range tomorrow morning…
But look closer at the chart and you can see the sellers just had a strong run lower, which tells me to anticipate more sellers coming in at the high of a new hidden-channel…
And that’s exactly what I’m looking for, because once ..
