Double Top & Bottom Strategy

We have some easy clues on the chart tonight, specifically some double-tops and double-bottoms telling us exactly where the best trading opportunities will be for Wednesday’s trading session, so don’t miss tonight’s video…

Crude Oil is bearish with a double-bottom, which means I’m looking for sell set-ups at a key resistance level up overhead tomorrow morning.

E-Mini S&P is bullish with a double-top at the highs, which tells me where to find the most reliable buying opportunities tomorrow morning.

Nasdaq is bullish, but a recent double-top at the high tells me to wait for a pullback down to a little hidden trend-line for buying opportunities on Wed.

Gold is barely bullish, and the slope of the channel is the big clue telling me what to look for, and more importantly, what to AVOID tomorrow morning.

Euro is bearish with a Spike & Channel, which means I’m looking for selling-opportunities up at the “base” of that channel.

Crude Oil is Bearish, But Watch that Double-Bottom!

Crude Oil is bearish, but this double-bottom on the chart is warning me that sellers are likely growing weary of selling this low on the chart.

So my plan instead is to wait for selling-opportunities up near the high of this range because that’s the best place whenever we have a double-bottom in a bear market.

E-Mini S&P is Bullish, But is that a Double-top?

The E-Mini S&P is bullish, but this double-top at the high is a clear warning that buyers are taking profit and I should wait for a lower price to find buy set-ups.

More importantly, the double-top tells me this is a range, which means I need to focus on buying the low of the range using a 2-Try Failure entry pattern.

 “Excellence can be obtained if you care more than others think is wise, risk more than others think is safe, dream more than others think is practical, expect more than others think is possible.”

Nasdaq is Bullish – Watch That Hidden Trend-line!

The Nasdaq is bullish, but it looks like we’re pulling back off the highs with a double-top which is a clear sign that buyers are slowing down and waiting for a better price to buy more tomorrow morning.

Any time I see a double-top I know the bull market is going into a range.

Any time I see a range, I know the best trading strategy is to fade the breakouts, so I’m looking for sellers to fail so I can buy into their stops for an easy run higher.

Gold is Bullish (Somebody Check for a Pulse!)

Gold is bullish and VERY sluggish ahead of tonight’s State of the Union Address on Capitol Hill, so we’re patiently waiting for some personality to kick up.

Knowing this, the market is slightly bullish with an almost FLAT channel.

Flat channels are big clues because they tell me to wait for DEEP pullbacks for buying opportunities below the low tomorrow morning.

Euro is Rolling Lower to a Measured-move

Euro is bearish as it rolls down the hill into the measured-move support level.

I don’t want to sell so close to the measured-move support, so I’m going to wait patiently for price to bounce off the low and look to sell into a buyer-failure up around the reversal-line at 14800.