Oil and the E-minis continue to rotate back and forth inside those expanding triangles, while Gold is gaining momentum for a short-covering rally…
But no matter what market you’re trading tomorrow morning, the key is to make sure your entry set-ups…
Oil and the E-minis continue to rotate back and forth inside those expanding triangles, while Gold is gaining momentum for a short-covering rally…
But no matter what market you’re trading tomorrow morning, the key is to make sure your entry set-ups agree with the market’s context – are you ready?
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Crude Oil is bearish with a strong run lower, but looking at the market’s context and it’s easy to see we’re sitting on the low of the expanding triangle, which is a horrible place to start selling…
Knowing this, my plan is to wait for a Crown Reversal set-up to buy going back up into the range on Thursday morning…
E-Mini S&P is bullish after a 123-Reversal sent the sellers running for cover, but now this bull market is way too high to start buying…
So my plan is to wait for a pullback to support levels, and I have my eye on the low of a new Hidden Channel down around 3070 tomorrow morning.
Nasdaq is bullish and back inside the range from earlier this week, which tells me I need to sit-on-hands and wait for a better location to buy more tomorrow morning.
And since it’s a range, the key is buying at support levels below the range, such as the round number down at 8200.
Gold is bullish and trading sideways with a narrow range, which tells me to look for buy set-ups under the range using “expansion” support levels…
And looking closer to the chart, those “expansion” levels line up perfectly with the low of a new Hidden Channel, so all we need is a pullback and the entry signal!
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