3 Best Pullbacks (and a Reversal) for Tuesday

I don’t wanna chase this move higher – so where’s the best pullback entry?

Buyers made strong runs higher (without any deep pullbacks) on the Emini and Nasdaq today, telling us to be looking for entries on the next deep pullback…

Deep pullback?  How deep?  What If it doesn’t?  What’s the entry trigger?

Not to worry – I have (3) pullback setups (and a reversal) on my radar, and I’ll cover all the details in tonight’s video…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Bulls have control with a strong, grinding run higher today, most likely seen as a spike and channel pattern on the chart.
• Buyers will be looking for pullback entries on deep pullbacks, as well as breakouts going higher.
• Sellers need to stay patient, wait for either a 123-Reversal off the highs, or signs of exhaustion to get short off the highs.

Best Trades for Tomorrow: 

• UP – buy the 2-Try breakout & buy the 123-breakout
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – sit on hands and wait for a new range, then look for buying opportunities at support levels below the range.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Buyers have control with a strong, runaway move going higher, suggesting that ANY pullback will be seen as a buying opportunity tomorrow morning.
• Keep in mind, anytime we see a big straight-line move like we saw today, the following day is often a range.
• Buyers will be buying pullbacks or buying seller failures if we get a range.
• Sellers need to stay patient for a reversal before they try getting into this market.

Best Trades for Tomorrow: 

• UP – buy the trap & buy the breakout-pullback  
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – wait for the new range, then buy seller failures at support levels below the range.

Gold Futures (GC):

Gold Keys to Success:

• Gold is bearish into a trading-range today with sellers trying to complete the pendulum-swing rotation back to the low of a large bear channel.
• Sellers have control, and will be looking for shorts off resistance above the range, along with selling breakouts going lower.
• Buyers can look for longs off support levels below the range, or they can buy reversals going higher.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the bear breakout (or) buy the seller failure
• SIDEWAYS – avoid the middle and wait for a breakout.