We’re headed into a “triple threat” trading session tomorrow morning, with the end of week, end of month, and end of the second quarter all happening at the same time…
Which is sure to give us increased volatility and high-quality set-ups on Friday…
We’re headed into a “triple threat” trading session tomorrow morning, with the end of week, end of month, and end of the second quarter all happening at the same time…
Which is sure to give us increased volatility and high-quality set-ups on Friday morning, so we need to be prepared for the action – are you ready?
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Crude Oil is bullish into a trading range, which tells me to look for buy set-ups below the low of the range at key support levels.
And speaking of key levels, I've got my eye on the low of an expanding triangle, which has been developing since the opening-bell this morning.
E-Mini S&P is range-bound with a slight bull bias, which tells me to look for buy set-ups using seller-failures below the low of the trading-range.
But if price pushes higher (which is expected), then I start looking for ways to buy low (using bear traps) before we get to the measured-move objective waiting overhead.
Nasdaq is bullish into a trading-range, which tells me to look for buy set-ups underneath the range lows tomorrow morning.
The big clue on this chart, however, is this obvious support trend-line coming up from below, which gives the buyers a lot more confidence, knowing that sellers don’t have much to work with in the short-term.
Gold is bullish and trading back in the middle of the range from yesterday, which tells me to sit-on-hands in the short term, waiting for the opportunity to buy the low of the range using a seller-failure set-up.
And don’t forget the ‘pendulum swing’ target overhead, giving us confidence that a successful breakout-pullback is also in the cards for the bulls tomorrow morning.
Euro is sideways and range-bound, trading right in the middle of a triangle pattern tonight, telling us that both sides are going to be fading the breakouts on Friday morning.
The key, however, is waiting to see how pri..
