Which Pullback Can I Trust? OPEC, FOMC & Jobs
We’re back to our desks for another exciting week in the markets; Another jobs report tomorrow, FOMC on Wednesday, and OPEC may have shot themselves in the foot this weekend…
But the most important thing I see on the charts tonight, are the strong moves we got in today’s session, telling me that picking the right pullback is going to be my top priority for tomorrow’s session – are you with me? Let’s go…
E-Mini Buyers Watching Two Pullback Zones
E-Mini S&P is bullish and finish today’s session with a strong punch higher, which tells me that buyers will be waiting to buy the next pullback – I’d like to see a pullback to the reversal-line support at 3210 with a seller failure off the moving-average…
Crude Oil Sellers Need a DEEP Pullback…
Crude Oil is bearish with a strong move lower, ending in a narrow trading-range, which signals a much larger pullback is needed before I can consider getting short – I have my eyes on stacked resistance up around 38.75 tomorrow morning.
Gold Buyers Would Love a GAP Pullback…
Gold is bullish with a strong spike higher to finish today’s session, and since we’re three legs up off the low, I’m expecting a range on Tuesday, with the goal of buying below the range using a seller failure pattern.
