Trading Sharp Pullbacks – Avoid the Stop & Run
Tomorrow’s the last Friday of the first quarter, which means we’re going to be trading a rare situation; end of week, end of month, and end of quarter, and that means increased volatility…
Knowing this, I want to make sure we’re ready for sharp pullbacks tomorrow morning, because if you’re not prepared, you’ll get fooled into taking the wrong side of the market – are you ready? Let’s go…
Oil Traders Keep Fading Breakouts…
Crude Oil is bearish and trading below the weekly trading-range, which will act like a magnet to drag price higher on Friday.
Knowing this, I want to buy these lows, but the recent momentum is so strong for the bears, I need to wait for a “nested” failure pattern to get long.
Emini Spike & Channel Says Anticipate Sharp Pullbacks…
E-Mini S&P is bullish with a spike & channel pattern, which tells me to anticipate a rather sharp pullback at some point tomorrow…
Knowing this, I don’t want to miss that opportunity, so I’ll be watching key support levels and looking for seller-failure patterns to get long.
Gold Sellers Looking for More Ways to Sell Off These Highs…
Gold is bearish and back inside the weekly range, which continues to act as a magnet for price…
Knowing this, my plan is to buy low, sell high, and focus on failures for the best entries on Friday morning.
