4 Momentum Trades for Tuesday (Entry Timing is Key)
We’re back to our desks for the 2nd week of December, and we have a busy week ahead of us. With virus cases climbing, stimulus talks on Capitol Hill, and daily vaccine updates, there’s no shortage of market-moving events this week…
Looking at tomorrow, the Eminis and Crude Oil are trading back and forth inside a range, while Gold made a strong run higher.
The most important clue, however, are the big momentum swings we saw on the chart. With all this momentum, timing the entry will be more challenging, so I want to make sure you’re prepared…
E-Mini Buyers Waiting to Buy into the Next Leg Lower…
E-Mini S&P is bullish into a wide triangle/range this evening. The bulls have control, and the range tells me to get long at support levels below the range, but the blow-off top at today’s high tells me momentum will be the biggest issue…
Crude Oil Sellers “Rotating Off the High” Tells Buyers Exactly What to Look for…
Crude Oil is also bullish into a range, but if you look closely you can see we’re rotating off the high, which always tells me to stay patient on my entry. I’ll plan n waiting for the sellers to try twice before buying into their stops tomorrow morning…
Gold Spikes Higher – Entry Timing Takes Patience…
Gold is bullish and made a strong run higher today, finishing the day pinned at the highs. The strength of these buyers is easy to see, but the lack of pullbacks in today’s session tells me to be prepared for four potential setups on Tuesday morning…
