Trade talks have the markets moving wildly on the charts today, and with that volatility comes big opportunities, but only if we have the right strategy to capitalize on the sharp pullbacks and corrections along the way – are you ready?
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Trade talks have the markets moving wildly on the charts today, and with that volatility comes big opportunities, but only if we have the right strategy to capitalize on the sharp pullbacks and corrections along the way – are you ready?
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Crude Oil is bullish with two strong legs higher in today’s session, which tells me to be looking for buying opportunities at the low of a new Hidden Channel tomorrow morning.
Knowing this, I'm prepared for a sharp pullback off the highs, which should fool the sellers into thinking this is a reversal – giving me the opportunity I need to buy into their stops for a short-covering rally back to re-test the highs.
E-Mini S&P is bullish, but sharp pullback just moments before the closing bell clearly confirms that these buyers are weary of holding this rally into the Asian session.
Knowing this, I want to buy this sharp pullback, but the momentum of these sellers is too strong to trust – so I'm waiting for the sellers to try twice before buying into their failure for a rally back to the high.
Nasdaq was bullish for most of today’s session, but the buyers took profit just moments before the closing bell, which sent the market lower with a sharp pullback off the high.
Keep in mind, I would normally be looking to buy a pullback off the high, but the severity of this sharp pullback is too much to trust, so I'm going to wait for a seller-failure pattern for a more reliable buying opportunity going back to the high.
Gold is bullish into a trading-range this week, which means the most reliable trading strategy is to buy the low, sell the high, and avoid the middle.
Knowing this, the bull bias leading into the range is the big clue for tomorrow – reminding me that buying the low of the range using seller-failure set-ups will certainly be the most reliable way to trade.
Euro is bullish into ..
