4 Ways to Catch this Reversal on Friday

Am I crazy to be thinking ‘Reversal’ right now?

I might be – but the way the session finished today leaves the door WIDE OPEN for a major reversal on Friday – I’ll show you the best setups in tonight’s video…

Yes, both Emini and Nasdaq are bullish right now, but some “hidden clues” on the charts tell me to keep my eyes open for 3 potential reversal setups…

How about Gold?  Gold finished the day with a strong run lower, so a reversal isn’t as likely — but we have a beautiful breakout-pullback setting up,  so make sure you watch till the end of tonight’s video…

E-Mini S&P (ES):

E-Mini Keys to Success:

• We’re bullish into a trading-range today.  Buyers tried a breakout higher, but it appears we’re looking for a pendulum-swing rotation back lower.
• Sellers would love to short the high of this new hidden channel using a trap, or sell a breakout going lower.
• Buyers need to stay patient, waiting for a breakout higher, or a seller failure off support levels below the range.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-breakout
• DOWN – sell the 2-Try breakout (or) buy the seller failure
• SIDEWAYS – sit on hands to avoid the middle and wait for a breakout.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• We’re bullish into a range today.  Buyers appear to have failed a pendulum-swing rotation higher, which gives sellers the opportunity to take it lower if buyers can hold these lows.
• Sellers will be looking for shorts off range highs, or breakouts going lower.
• Buyers can buy the range lows, or buy a bull breakout going higher.

Best Trades for Tomorrow: 

• UP – buy the bull breakout (or) sell the buyer failure
• DOWN – sell the bear breakout (or) buy the seller failure

Gold Futures (GC):

Gold Keys to Success:

• Bears took price lower on strength, finishing the day with a spike lower, which suggests sellers will be look for opportunities to short the next deep pullback for another leg in the same direction.
• Sellers can short the next pullback off resistance levels overhead, or sell a breakout going lower.
• Buyers need to be careful, waiting for a clear momentum reversal before they look for longs.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the 2-Try breakout (and) sell the 123-breakout