Quad-Witching Strategy
Tomorrow is Quadruple Witching, which is notorious for being a low-volume, highly-volatile trading session…
And with our favorite markets still reeling from today’s headlines, we need to be ready to not only avoid the traps, but capitalize on the high-quality set-ups coming our way tomorrow morning – Are You Ready?
Crude Oil Has It’s Eye on $58 (Maybe Tomorrow?)
Crude Oil is bullish into a trading-range, which tells me to look for buy set-ups down below the low of the range…
Knowing this, I have my eyes on the combination of range-expansions and reversal-lines for the best support levels tomorrow morning.
E-Mini S&P Is Daring Us to Chase It
E-Mini S&P is bullish with a strong run higher to finish today’s session, which tells me that buyers will be waiting patiently to buy the next pullback…
Knowing this, my plan is to wait for a seller-failure set-up to buy the low of a new Hidden Channel that developed earlier this afternoon.
Nasdaq Looks Suspicious Into the Close
Nasdaq is bullish with a 123-Reversal, which tells me to look for a buy set-up off the low of a Hidden Channel…
The problem, however, is the clear signs of a trading-range developing in the middle of today’s chart, which tells me to avoid the shallow pullback and focus on the deep pullback to the support trend-line below.
Gold Looks Confused (Do You See the Range?)
Gold is bullish into a trading-range, which tells me to buy the low using a seller-failure set-up…
The big clue, however, is the ‘pendulum swing’, which tells me precisely where to wait for the entry pattern to get long.
Euro Needs ONE Thing Before They Re-Test of The High
Euro is bullish into a narrow trading-range, which tells me to look for long set-ups below the range…
But the bigger clue is the recent strong move lower, which tips me off to the fact that sellers will most likely try another strong leg lower…
Knowing this, my plan is to wait for those sellers to finish their second leg and look for entries with a ‘2-legged pullback’ and seller-failure set-up.
“Every time you stay out late; every time you sleep in; every time you miss a workout; every time you don’t give 100% – You make it that much easier for me to beat you.”