Two Big Clues for Friday

We’re headed into the end of the week tomorrow morning, and with markets still waiting on news for the “trade deal” we know that anything is possible.

But no matter what happens with the trade negotiations, I can see two BIG clues that tell me where to find the best (and worst) set-ups on Friday morning – are you ready?

Crude Oil Wants Back to Safety

Crude Oil is bullish and almost back to the middle of this week’s trading-range, which tells me to stay patient and wait for the opportunity to buy below the range using the classic seller-failure entry set-up.

And don’t forget – the middle of the range is that same as last Friday’s closing price (61.86) which will be our target for both long and short tomorrow morning.

E-Mini S&P is Waiting on China

E-Mini S&P is bullish into a trading-range this evening, which tells me to look for buying opportunities using seller-failure set-ups below the range low on Friday morning.

And keep in mind – the bullishness of this market may successfully breakout of this range, and if/when it does, I’m watching for buying opportunities using the 123-Breakout set-up.

Nasdaq is Trying to Fool Us (You See It?)

Nasdaq is bullish into a trading-range, which tells me to look for buy set-ups using seller-failures below the range.

I should also mention – my big concern about buying this market is the falling resistance trend-line coming down overhead, which reminds me to be aware of my entry location, and if needed, look for a trap entry instead.

Gold Has Two Big Problems

Gold is bearish and trying to run back into the weekly trading-range, but with bullish momentum in the short-term, combined with a rising support trend-line, I need to be very careful selling too low.

Knowing this, my plan is to wait for a “Trap high” above the prior swings overhead, which will give me that little edge I need to sell back into the range.

Euro Wants Back to the Range

Euro is bearish and looking for a move back down into this week’s trading-range, but just like Gold, we have too much bullish momentum in the short-term, combined with the rising support trend-line coming up below.

And to solve this issue, my focus will be on a “trap high” up in the battle-zone for the most reliable selling-opportunities on Friday morning.

“Never give up, for that is just the place and time that the tide will turn.”