3 Hidden Clues Ahead of Non-Farm Payrolls

We’re heading into Non-Farm Payrolls tomorrow morning, the biggest news of the month, and with such big moves in the markets today, I’m looking forward to a busy trading day on Friday…

The markets made BIG moves today, which opens the door for big reversals to finish the week.  But not everything is ripe a reversal, because some of these markets have plenty of open space to run…

In fact, I can see a handful of “hidden clues” on the charts tonight, that tell us which markets look ripe for reversals, and which markets we should stick with the trend.  Let me show you where to look…

E-Mini Keys to Success:

• Strong run higher to new all-time highs.  Expect a range or reversal tomorrow
• Bulls Want to buy a deep pullback so free up some space
• Bears Want to short these highs with a reversal setup.

Best Setups for Tomorrow: 

• [UP] – 123-breakout to buy (or) crown reversal to sell
• [DOWN] – nested failure to buy (or) crown reversal / 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait for a breakout

Crude Oil Keys to Success:

• Bullish rotation back to major highs, testing many resistance levels
• Bulls Want to hold this pullback and breakout higher
• Bears Want to short the high with a reversal setup

Best Setups for Tomorrow:

• [UP] – 123-breakout to buy (or) crown reversal to sell
• [DOWN] – nested failure to buy (or) nested failure to sell
• [SIDEWAYS] – sit on hands and wait for breakout

Gold Keys to Success:

• Strong Run lower into a range, inches above major support
• Bears Want to sell the pops off the lows
• Bulls Want to trade the reversal back to the range overhead.

Best Setups for Tomorrow:

• [UP] – buyer failure to sell (or) 123-Reversal to buy
• [DOWN] – ‘run and pop’ to sell (or) crown reversal to buy off support
• [SIDEWAYS] – sit on hands, wait to sell the pops