Trading Non-Farm Payrolls; Airlines, Soybeans & OPEC Excuses
We’re getting ready for tomorrow’s Non-Farm Payrolls Report, and with headlines from the Airlines, China, and OPEC moving these markets today, we have plenty of reliable trading opportunities to look for on Friday – let’s go!
E-Mini Buyers Looks Hungry for a Re-Test…
E-Mini S&P is bullish and trading in the middle of today’s range, which isn’t a reliable place to start buying, but this recent spike higher tells me there will be plenty of reliable entries below the range using a hidden channel.
Oil Looks Strong After News from Airlines…
Crude Oil is bullish and trading at the edge of an expanding triangle, which tells me the most reliable buy setups will be either (a) seller failure patterns off the triangle low, or (b) a 2-try trap after a bull breakout.
Gold Bulls in Control, Careful Ahead of News
Gold is bullish after a strong 123-Reversal off today’s low, but the buyers failed to impress us with the next leg higher, which causes me to pause and wait for a much deeper pullback before I consider buying more tomorrow morning.
