Calling Tops and Bottoms

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Crude Oil is bullish and trying to complete the ‘pendulum swing’ target up at $53.00 and I have my eye on a key support level to use tomorrow morning.

E-Mini S&P is bullish at the high of a large channel, telling me to sit-on-hands and wait for a key indicator to give me the signal to sell back down to the lows.

Nasdaq is bullish but trading at the high of a range tells me to look for opportunities to “call a top” tomorrow morning.

Gold is bearish and I’m looking to sell retracements after a strong lower, but key support levels tell me I need to be careful.

Euro is bearish and I’m looking for ways to sell off the high of a hidden channel tomorrow morning.

We finish today’s session with a handful of STRONG moves, telling us to look for either big continuations or big reversals for tomorrow morning.

Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong spike to finish today’s session, and although I don’t want to buy into this range high, the strength of this bull run tells me to expect one more leg, most likely trying to finish the ‘pendulum swing’ target.

I’d like to buy the low of this range using the 2-Try seller-failure pattern, or wait for a strong break higher and buy the pullback with a target up at the ‘pendulum swing’.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish at the high of a range and channel, telling me it’s too high to buy, but too bullish to sell.

I’m looking for an opportunity to sell off these highs, but first I need the momentum to change hands for me, so I’m watching the moving-average for some separation and then I’ll look for a bull-trap to sell back down to the lows.

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a gap up above the high of a range, and my plan is to look for an opportunity to sell off the high.

The challenge is, the momentum is too strong to sell, so I’m going to stay patient and wait for the 2-Try Failure pattern and sell into the buyers stop-losses to help this market tumble back down again.

If we can keep pushing higher on strength, it will likely be a Spike & Channel, at which point I’m going to focus on buying the low of the channel using bear-traps.

Gold Day Trading Strategy

Gold is bearish with a strong spike lower this afternoon, and my plan is to look for selling-opportunities using resistance levels around the high of this hidden channel.

If price turns sideways into a range, then my plan shifts to using the ‘2-Try Rule’ to fade the breakouts above the range.

I haven’t forgotten about the large range either, if I see these sellers struggle to hold momentum, then I will switch to looking for buying opportunities using bear-traps.

Euro Day Trading Strategy

Euro is bearish, so I’m looking to sell at resistance levels tomorrow morning and I have my eye on the top of this bear channel.

We may also turn into a range ahead of this major measured-move support, and if we do, my plan will shift to selling the 2-Try buyer-failure pattern.