October 5, 2020

Don’t Call It a Comeback! (3-Leg Trading Strategy)

Don't Call It a Comeback! (3-Leg Trading Strategy)

Our favorite markets didn’t waste any time getting this 2nd week of October started with a bang today… 

New developments over the weekend, combined with last Friday’s strong jobs report sparked the initial rally, which didn’t end until buyers had run three legs higher, finishing the session going sideways near their highs…

The big clue is the three-legged-move on the chart, telling us to expect range-bound markets going into Tuesday, and giving us a clear roadmap to find the best entries and exits.  The plan is quite simple, let’s open the charts and take a look…



E-Mini Buyers Will Be Watching This Pullback Closely…

E-Mini S&P is bullish and trading three legs higher today, which tells us to anticipate a sideways range, while staying patient for a deep pullback to support levels down around 3375 on Tuesday morning…


Crude Oil May Have the Perfect Storm This Week…

Crude Oil is bullish with a strong run higher, ending today’s session going sideways with a range; I’ll be looking to get long on the next deep pullback to support levels, preferably down around the 38.80 tomorrow morning…


Gold Buyers Waiting for the Next Deep Pullback…

Gold is bullish into a trading-range, which tells us to look for buy setups at support levels below the trading-range.  I have my eyes on the 1910 area where a reversal-line and hidden channel come together…


    schooloftrade

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