Can Buyers Survive the “Snap Back” on Wed?

We’re back to our desks after the Holiday, and with some big moves on Monday, followed by ranges on Tuesday, it’s easy to see excellent opportunities on the charts tomorrow morning…

Why do I say that?  Because any time we have a holiday on Monday, but the markets are still open, we often see what we call the “snap back” at some point later in the week…

Why is this important?  Because when you combine the “snap back” with today’s bullish ranges, it tells us exactly where to find the best entries (and exits) on Wednesday. 

Are you ready for tomorrow?  Let me show you my plan…

E-Mini Keys to Success:

• Bull Run into Narrow Trading-range today
• Bulls Want to get long at support below the range
• Bears Want to reverse off the highs and retest Monday’s low

Best Setups for Tomorrow:

• [UP] – 123-breakout to Buy (or) Crown reversal to Sell
• [DOWN] – Seller failure below range to Buy (or) 123-Reversal to Sell
• [SIDEWAYS] – Sit on hands, wait to buy low, sell high.

Crude Oil Keys to Success:

• 3 Legs Higher into a Range today
• Bulls Want to buy at support levels below the range
• Bears Want Reversals off the high for a retest of Monday’s low.

Best Setups for Tomorrow:

• [UP] – 123-breakout to Buy (or) Crown reversal to Sell
• [DOWN] – Seller failure below range to Buy (or) 123-Reversal to Sell
• [SIDEWAYS] – Sit on hands, wait to buy low, sell high.

Gold Keys to Success:

• Bull run into a trading-range today (maybe spike and channel)
• Bulls Want to buy at support levels below the range
• Bears Want Reversals off the high for a retest of Monday’s low.

Best Setups for Tomorrow:

• [UP] – 123-breakout to Buy (or) Crown reversal to Sell
• [DOWN] – Seller failure below range to Buy (or) 123-Reversal to Sell
• [SIDEWAYS] – Sit on hands, wait to buy low, sell high.