Do Sellers Have the Perfect Storm on Friday?

Is it just me, or does this look like the perfect storm for sellers?

We have end-of-month volatility, major news to start the session, and the buyers just failed to hold today’s rally.  If you’re a seller, you gotta be excited for Friday’s trading session.  I’ll show you why in tonight video…

The Eminis are bearish and looking to complete a pendulum swing.  Crude Oil is bearish and trying to take out the weekly GAP, and Gold is bearish trying to blow out January’s lows.  Let me show you my favorite entry setups…

E-Mini Keys to Success:

• Market rallied off yesterday’s lows, almost back to the Weekend GAP, finishing the session at the range “magnet” we spoke about in last night’s newsletter.
• Bears Want to short the bounces before we complete the pendulum swing
• Bulls need to regain control with a 123-Reversal into hidden channel pullback  

Best Setups for Tomorrow: 

• [UP] – Failure Setups to Get Short (or) 123-Reversal to Get Long
• [DOWN] – 2-try trap to get short (or) Nested Failure to get long
• [SIDEWAYS] – sit on hands, wait to short pops above the range

Crude Oil Keys to Success:

• Buyers failed to hold the early morning rally and price collapsed lower with a spike and channel, possibly turning sideways within a range
• Bears Want to short the pops on the way down to weekly lows.
• Bulls Want to regain control with a 123-Reversal

Best Setups for Tomorrow:

• [UP] – Failure setups to get short (or) 123-Reversal to get long
• [DOWN] – 2-try trap to sell (or) nested failures to buy
• [SIDEWAYS] – sit on hands, wait to short the bounces

Gold Keys to Success:

• We rolled forward to the 04-21 Contract.  Price popped higher and collapsed back into the range where the day began.
• Bears Want to sell the 2-legged pullback off overhead resistance
• Bulls need regain control with a 123-Reversal

Best Setups for Tomorrow:

• [UP] – 2-legged pullback to sell (or) 123-Reversal to buy
• [DOWN] – 2-try trap or 123-breakout to sell (or) nested failure to buy
• [SIDEWAYS] – sit on hands, wait to short the bounces