Trade the Earnings, Without the Losses & Stress

We’re headed into the end of the month, which means increased volatility, and from the look of the charts, plenty of reliable set-ups coming tomorrow…

Most importantly, we had some big earnings reports today, which combined with the price-action on the charts, makes it easy to plan the best trades for Thursday, are you ready?  Let’s go…

Oil Bears Hunt for Weekly Lows…

Crude Oil is bearish into a narrow range this evening, which tells me to buy low, sell high, and avoid the middle of the range tomorrow morning…

And since the bears have momentum on their side, my focus is selling the high with a buyer-failure pattern, or buying the low with a crown-reversal.

E-Mini Might Get Messy Tomorrow…

E-Mini S&P is bearish and sitting on the low of a wide expanding triangle, which tells me to avoid selling and wait for a reliable entry going back long off this low…

But the momentum is way too strong to get long, so I’m going to wait for the sellers to exhaust with a “nested” failure pattern to buy up off these lows.

Nasdaq Shows It’s True Colors…

Nasdaq is bullish and trading in the middle of a range tonight, telling me to buy low, sell high, and avoid the middle of the range tomorrow morning…

But don’t forget the bullish earnings report we saw this afternoon, telling me to stick to the buy side, buying seller-failures below the range and bull breakouts above the range on Thursday.

Gold ‘123-Reversal’ Tells the Story…

Gold is bullish after a successful 123-reversal off today’s low, which tells me to find my hidden-channel and wait to buy the pullback off the low…

But what if we don’t get the pullback?  The next best set-up will be a 2-Try Rule breakout with a trap-low on the way back to re-test the weekly high.