Pick the Right Pullback; 2 Secrets to Entry Timing
We’re back to our desks after the Holiday Weekend, and the markets picked-up right where they left off last week – lots of volatility and nothing but sellers…
Speaking of setups, everything looks bearish going into Wednesday morning, and with today’s big selloff, I’ll be looking to pick the right pullback to get short off resistance levels tomorrow morning – here’s my plan of attack…
Emini Spike & Channel Says Get Short Off the Highs…
E-Mini S&P is bearish into a spike and channel pattern, which is a great clue, because it tells me to look for buyer failure patterns to get short up at the high of the channel…
Crude Oil Spike & Range Says Sell the Pendulum Swing…
Crude Oil is bearish into a Spike & Range pattern, which is another easy clue, because it allows me to use the pendulum swing to pick the best pullback to get short tomorrow morning…
Gold Pops Higher, But Can the Buyers Hold It?
Gold is bullish at first glance, but a closer look reveals we’re sitting at the highs of a large bear channel, which tells me to wait for the buyers to try twice before selling with a nested failure pattern on Wednesday morning