Trading the “Turn” Correctly

Most of our favorite markets look bullish heading into Thursday’s session, but with such strong momentum moves back and forth on the chart, it’s important that we learn the best way to “trade the turn” in tonight’s newsletter – are you ready?

Crude Oil Looks Ready for a Rally, Where’s the Entry?

Crude Oil is bearish, but we’re trading at the low of a major bull channel, which tells me to anticipate “the turn” going higher and a full rotation back to the highs…

Knowing this, I want to buy off this low, but the bearish momentum tells me I need to wait for either a “crown reversal” or 123-Reversal into a Hidden Channel pullback for buy set-ups going higher.

E-Mini S&P is Breaking High, But Can We Trust It?

E-Mini S&P is bullish and trying to push through the highs of today’s trading-range, which is always a very dangerous place to be buying…

Knowing this, I’m happy to buy this market after a 123-Breakout or a 2-Try Breakout Pattern going higher…

But I’d rather buy the low or the range instead, because that’s where the most reliable buy set-ups will always be.

Nasdaq is Attempting to Breakout, Safe to Buy It?

Nasdaq is bullish and trying to breakout above the high of today’s narrow trading-range, which isn’t always easy, so I need to wait for PROOF before I buy the breakout…

And speaking of breakout, I’m looking for a 123-Breakout or 2-Try Breakout Pattern to buy before we re-test the major high up at 7790.3

And just like the S&P, id much rather buy the Nasdaq below the range, looking for buy set-ups into the stops of the counter-trend sellers using a failure set-up.

Gold is Balanced Into Thursday…

Gold is bullish and stuck inside a range this evening, telling me to buy the low, sell the high, and avoid the middle of this range until we get a breakout.

Knowing this, my plan is to look for buy set-ups using seller-failures below the range low, or a (counter-trend) “nested” buyer-failure to sell off the highs.

Euro Still Using the Same Trading Range

Euro is bearish and range-bound going into Thursday, so my plan is to sell the high, buy the low, and avoid the middle.

I’m looking for buyer-failures to sell off the highs, and seller-failures to buy off the low, while avoiding set-ups that are stuck in the middle.

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