Pre-Market Moves; Best Set-ups & Traps to Avoid
Today’s big pre-market moves lead into range-bound markets on Tuesday, and with the bears in control, the plan is to fade the breakouts; buying low, selling high, and waiting for failures – are you ready? Let’s go…
Oil Takes Aim at $50, But Not If the Buyers Have Their Way…
Crude Oil is bearish into a range-bound market this evening, which tells me to look for sell setups using buyer-failures around the highs of this range.
This Expanding Triangle Looks Great for Entries on the E-Mini ES…
E-Mini S&P is bearish and sitting at the low of today’s big run lower, which isn’t a very reliable place to sell, so I’m going to stay patient and look for sell setups above the moving-average when the buyers try calling a bottom…
Nasdaq Sellers Will Focus on the “Edges” of this Triangle…
Nasdaq is bearish into a triangle/range this evening, which tells me to look for entries around the “edges” of the triangle, buying low and selling high with failure setups.
Gold Bears Want the GAP Fill, But is There Any Safe Entry Patterns?
Gold is bearish after buyers tried twice (and failed) to hold today’s highs, but now we’re oversold after a strong run lower, so I need to wait for the next pullback and see if I can’t sell the high of a new hidden-channel.
